Srilanka, Oct. 5 -- Sri Lanka's comprehensive reform program has continued to achieve impressive progress. Inflation remains low, revenue collection from the Government side is improving, and international reserves continue to be accumulated, said Director of the IMF s Communication Department, Julie Kozack, at the press briefing last week in Washington.
She said there has been a post-crisis rebound in growth to 5% in 2024, which is a remarkable achievement. The revenue-to-GDP ratio in the budget improved to 13.5% of GDP from 8.2% in 2022, which is also a significant increase, although still work to be done. The debt restructuring process is nearly complete. Program performance overall is generally very strong, and the government remains c...