IMF commends Sri Lanka for delivering strong growth
November 21, 2013  08:40

PTI: The International Monetary Fund has commended Sri Lankan authorities for delivering strong growth, low inflation, fiscal consolidation and a strengthening of the external accounts since the end of the war in 2009.        

 

At the same time, at the conclusion of his visit to Sri Lanka, the IMF Deputy Managing Director Naoyuki Shinohara hoped that Sri Lanka would continue its flexible exchange rate regime allowing it to serve as a key buffer against external shocks while reserves are allowed to rise to more comfortable levels.       

 

"In my meetings, I commended the authorities for delivering strong growth, low inflation, fiscal consolidation, and a strengthening of the external accounts since the end of the war in 2009, as well as on the ambitious growth and development objectives laid out in the Mahinda Chinthana (Vision for the Future)," the IMF official said yesterday.

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