The International Monetary Fund (IMF) has stressed the importance of Sri Lanka restoring electricity cost-recovery pricing and ensuring its automatic electricity price adjustment mechanism functions properly.
According to the IMF's Mission Chief for Sri Lanka, Evan Papageorgiou, the Staff Level Agreement for the Extended Fund Facility (EFF) program hinges on these critical reforms.
Papageorgiou made these remarks during a briefing on the fourth review of the IMF program for Sri Lanka, highlighting that these measures are essential for the program's success.
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