Sri Lanka: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka

International Monetary Fund

No 2025/339, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Sri Lanka’s Request for Purchase under the Rapid Financing Instrument (RFI). The government responded swiftly with a package of relief measures, supported by strong fiscal overperformance in 2025. The Central Bank of Sri Lanka stands ready to provide liquidity support to the financial system if needed. While recovery and reconstruction needs will be substantial, the authorities remain committed to maintaining fiscal prudence to safeguard fiscal and debt sustainability. The cyclone struck as Sri Lanka is emerging from a deep economic crisis and the IMF-supported reform program under the EFF is bearing fruit. Sustained adherence to the reform agenda has underpinned a robust economic recovery, price stability, substantial revenue-based fiscal consolidation, and progress rebuilding foreign exchange reserves. The authorities and IMF team maintain close engagement and will resume discussions at the earliest possible juncture. The IMF stands with the people of Sri Lanka during this difficult time and will continue to support Sri Lanka’s recovery and reconstruction efforts.

Keywords: Imf team; transparency policy; emergency financial support; IMF staff; reconstruction needs; Natural disasters; Debt sustainability; Imports; Southeast Asia; Asia and Pacific; Global (search for similar items in EconPapers)
Pages: 32
Date: 2025-12-19
New Economics Papers: this item is included in nep-env
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