The President’s Chief of Staff and Senior Advisor Sagala Ratnayaka has been entrusted with the responsibility of overseeing and ensuring the proper implementation of the financial reform process in Sri Lanka.
This decision was reached through mutual consensus during the meeting between Sri Lankan officials and the visiting International Monetary Fund (IMF) delegation.
The IMF delegation, led by Senior Mission Chief Peter Breuer, has conveyed its satisfaction with Sri Lanka’s ongoing reform process. The delegation which included senior representatives from the IMF, informed the President’s Chief of Staff Ratnayaka and Minister of State for Finance Shehan Semasinghe of their satisfaction during a recent meeting.
The primary focus of the IMF’s engagement with the Government has been to address issues of waste, fraud, and corruption within the State apparatus, forming a critical component of the reform process under the “Government Diagnostics” component. The upcoming review, scheduled for March, will play a crucial role in determining whether the objectives and agreements set by the IMF are being effectively met. The release of the third tranche is contingent on the outcome of this review.
The IMF delegation has designated Ratnayaka for assessing whether the objectives outlined by the IMF will be fulfilled during the upcoming review. The IMF delegation acknowledged the Government’s transparency in all matters, and following their visit to selected areas, including Jaffna, they extended their appreciation to the President and the Government for their efforts.
