Tag:IMF

Papageorgiou's comments come in the wake of political shifts that have disrupted previous reform strategies. The new administration under President Anura Kumara Dissanayake has halted privatization efforts initiated by the previous government, led by Ranil Wickremesinghe.

While the previous government’s reforms aimed at increasing transparency, efficiency, and private sector involvement, the Dissanayake administration appears to be prioritising a different approach, potentially curbing or modifying privatisation efforts.

By adhering to its reform commitments and leveraging RSF funding, Pakistan aims to build a sustainable future while addressing critical challenges in fiscal policy, energy, and climate adaptation.

The visit is seen as part of ongoing efforts to align Pakistan’s financial policies with international climate commitments, ensuring sustainable economic reforms in the face of mounting environmental challenges.

According to the IMF, the Maldivian government faces the critical challenge of balancing fiscal discipline with economic growth. The IMF feels that while reforms may be difficult, they are essential to ensure macroeconomic stability and sustainable development in the years ahead.

Georgieva praised Pakistan’s efforts in implementing the IMF-supported program, acknowledging the country’s improving economic performance with rising growth and declining inflation. She recognized Pakistan’s economic recovery and noted that it is on a positive trajectory.

Pakistan is taking significant steps to deepen its financial and economic engagement with China, aiming to tap into the world’s second-largest capital market and expand corporate opportunities in Hong Kong.

SOEs, including SriLankan Airlines, Sri Lanka Telecom, and Ceylon Petroleum Corporation, have long been plagued by mismanagement and inefficiencies, burdening taxpayers.