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IMF Managing Director Kristalina Georgieva (left) with CBSL Governor Dr. Nandalal Weerasinghe
Sri Lanka’s reform trajectory and macroeconomic stabilisation efforts drew strong international endorsement during the 2025 World Bank Group and International Monetary Fund (IMF) Annual Meetings held in Washington, D.C., from 13 to 18 October, the Central Bank of Sri Lanka (CBSL) said in a statement yesterday.
The CBSL said the Sri Lankan delegation, led by Governor Dr. Nandalal Weerasinghe, participated in a series of high-level bilateral and multilateral discussions that reinforced investor confidence in the country’s recovery and reform agenda. The delegation also included senior officials from the Central Bank and Finance Ministry.
According to the statement, Governor Weerasinghe met with the Managing Director of the IMF, the President of the World Bank Group, senior officials from both institutions, and representatives from the US Department of the Treasury.
“The delegation received strong support for Sri Lanka’s ongoing economic reform efforts,” the CBSL said, adding that there was “widespread recognition of the country’s prudent macroeconomic management, encompassing sound fiscal and monetary policies, efforts to safeguard financial system stability, strengthened social safety nets, and continuous improvements in governance.”
The CBSL said discussions with multilateral and bilateral partners focused on advancing development cooperation in infrastructure, energy, and digital transformation, with particular interest in securing new financing and technical assistance on capacity building.
The delegation also engaged with sovereign credit rating agencies, providing updates on economic recovery and reform milestones “that were well received and helped reinforce market confidence.”
Constructive interactions with the US Chamber of Commerce and active participation in investor forums “further highlighted Sri Lanka’s commitment to transparency, investment promotion, and fostering renewed investor confidence,” the statement said.
“Progress on debt restructuring was highly commended, future collaboration was encouraged, and updates on economic recovery and reform milestones were well received,” it added.
During the Global Sovereign Debt Roundtable (GSDR), Sri Lanka welcomed global efforts to address debt vulnerabilities and strengthen coordination, emphasising the near completion of its debt restructuring and recent IMF programme milestones.
Governor Weerasinghe noted the importance of timely restructuring, transparency, and sustained reform, and called for a focus on countries with sustainable debt but high debt-servicing burdens.
“Sri Lanka advocated for clearer processes in commercial debt restructuring, regular updates on bilateral agreements, practical guidance on liability management, and greater debt transparency,” the CBSL said.
“The intervention endorsed the updated Restructuring Playbook and called for enhanced international support to sustain reforms and restore market access, reaffirming Sri Lanka’s commitment to ongoing global debt coordination efforts.”
According to the statement, the outcomes of these meetings and the GSDR intervention demonstrated the international community’s confidence in Sri Lanka’s reform trajectory.
“Constructive engagement with key partners and financial institutions has reinforced support for Sri Lanka’s economic recovery, debt sustainability, and investment climate,” it said.
“The delegation’s transparent dialogue and commitment to best practices send a strong signal to markets and investors: Sri Lanka is on a firm path to stability and growth, backed by robust policies and global partnerships, the CBSL said.
