Executive Director of the International Monetary Fund Dr. Krishnamurthy Subramanian says the political determination displayed by Sri Lankan leaders to accelerate reforms to revive the economy and to implement tax revisions during a difficult time must be commended.
Dr. Subramanian called on Prime Minister Dinesh Gunawardena at the Office of the Prime Minister today (26).
He said Sri Lanka has completed almost all requirements expected to be met by the International Monetary Fund to secure a bailout adding that relevant processes will be complete after the final certifications of the main lender countries.
Using the example of cricket, he said the IMF will continue to bat in favour of Sri Lanka and we will also play cover drives.
The Prime Minister meanwhile briefed the IMF delegation on measures taken by the government to meet the domestic demand amidst the economic crisis and increasing agricultural production for exports.
The Premier also stated that measures have been taken to reduce non-essential imports and to increase export production highlighting that the government is focused on meeting welfare requirements of the poorest segments of society.
Dr. Subramanian also stated that a safety net for economically vulnerable groups is essential in preparing plans to restructure debt and revive the economy.
However, he said while the public sector is guaranteed of receiving minimum wages, many others have lost sources of income.