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IMF Praises Sri Lanka’s Economic Recovery and Reform Efforts
Oct 17, 2025The International Monetary Fund (IMF) has commended Sri Lanka for its strong progress under the IMF-supported economic reform program, noting that the country is on a steady path to recovery following its worst economic crisis in decades.
Speaking at a regional economic outlook briefing, IMF Asia-Pacific Director Krishna Srinivasan and Deputy Director Thomas Helbling highlighted Sri Lanka’s improving economic indicators. According to the IMF, the country recorded a 5 percent growth rate in 2024 and is projected to grow by 4.2 percent in 2025 — a clear sign that the government's stabilization measures are producing results.
"The sustained implementation of the reform program is crucial," said Mr. Helbling. "Continued fiscal discipline and the restructuring of state-owned enterprises will be key to ensuring long-term economic resilience."
In a further positive development, Sri Lanka’s Inland Revenue Department announced that it has already achieved 75 percent of its tax revenue target for 2025, well ahead of schedule. The achievement reflects stronger revenue collection efforts and growing economic confidence among businesses and taxpayers.
The IMF’s endorsement is expected to bolster international confidence in Sri Lanka’s economic trajectory, as the country continues to implement wide-ranging reforms aimed at restoring fiscal stability, improving governance, and fostering sustainable growth.
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