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IMF sees Government under pressure ahead of 2020 polls

The International Monetary Fund (IMF) says political cohesion of the coalition Government may be strained in the run-up to the 2020 national elections.

An IMF report on Sri Lanka said that many challenges lie ahead to sustain Sri Lanka’s reform momentum.

The report said that the Government faces higher debt repayments starting in 2018 at a time when the economy remains vulnerable to shocks.

“Progress in several structural areas including SOE reforms remains slow. Sustained efforts are needed to further reduce the fiscal deficit, strengthen external buffers, and promote inclusive growth. Political cohesion of the coalition government may be strained in the run-up to the 2020 national elections,” the report said.

Author: TELO Admin