On this episode of ‘At HydePark', officials of the International Monetary Fund on a staff visit to Sri Lanka, joined Indeewari Amuwatte for an exclusive discussion on Sri Lanka’s crisis recovery process and beyond.
IMF Senior Mission Chief for Sri Lanka, Peter Breuer said the macro-economy is showing signs of recovery, however the current stability in the Sri Lankan economy is yet to reach the broader population.

While highlighting the agreements reached in principle with China’s EXIM bank and the Official Creditor Committee to restructure the country’s debt as a major milestone, Breuer said the global lender expects Sri Lanka’s debt issues be solved within a couple of months to ensure that there are no complications when the second review of the IMF EFF programme is evaluated by its Executive Board.
He said the IMF expects tax revenue to improve to 12% of GDP in 2024 and emphasized the importance of introducing property/wealth tax in order to minimise the tax burden on the majority of the population.
Meanwhile, IMF Resident Representative in Sri Lanka, Dr. Sarwat Jahan, who also joined the discussion ‘At HydePark with Indeewari Amuwatte’, said Sri Lanka should focus on implementing recommendations that were outlined in the Governance Diagnostic report, the first published by an Asian country with the technical support of the IMF.

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