Sri Lanka, June 16 -- The International Monetary Fund (IMF) today lauded Sri Lanka's "remarkable progress" in its economic recovery but issued a stark warning against abandoning crucial reforms. Speaking at a conference in Colombo, IMF First Deputy Managing Director Gita Gopinath emphasized that the island nation's current path "this time must be different."
Gopinath highlighted significant strides since the severe crisis three years ago, noting the return of economic growth (5% in 2024), a surge in tax revenues by over two-thirds of GDP, and the restoration of essential supplies like fuel and medicine. She also praised the government's commitment to governance reforms, including central bank independence and stronger anti-corruption measu...