Sri Lanka, Jan. 19 -- The International Monetary Fund (IMF) has reiterated the critical necessity of maintaining cost-recovery electricity pricing mechanisms, asserting that fiscal sustainability cannot be compromised even as Sri Lanka navigates the economic fallout from Cyclone Ditwah.
Responding to queries on whether the global lender would soften its stance on utility pricing in the wake of the recent natural disaster, IMF Communications Department Director Julie Kozack emphasised that the Extended Fund Facility (EFF) programme includes a firm commitment to cost recovery in the utility sector.
Speaking at a press briefing in Washington on Thursday, she termed this adherence "critical" to ensuring Sri Lanka's fiscal sustainability, expl...