IMF: Sri Lanka on course for 2027 market return
SL to regain access to international financial and capital markets next year in line with IMF projections Sri Lanka is on course to regain access to international financial and capital markets around 2027, in line with the International Monetary Fund’s (IMF) current economic projections, IMF Mission Chief Evan Papageorgiou said yesterday. Papageorgiou said the IMF’s […]
Sri Lanka is projected to regain access to international financial and capital markets around 2027, according to the International Monetary Fund (IMF), according to IMF Mission Chief Evan Papageorgiou. The IMF's economic projections indicate that the country is on track to achieve this milestone, with Papageorgiou stating that their initial assumption that Sri Lanka would return to the capital markets still holds.
He emphasized that a diverse funding strategy is necessary, combining domestic sources with international funding options like eurobonds. Regaining international market access would significantly impact Sri Lanka's debt composition and foreign exchange reserves, which are crucial for meeting future debt obligations. The IMF's assessment comes as international investor sentiment towards Sri Lanka improves, with credit rating upgrades from agencies like Fitch reflecting a more favorable global view of the country.
Sri Lanka remains under the Extended Fund Facility (EFF) program, set to continue until March 20, 2027, with regaining market access being a key goal in its economic recovery efforts.
Written by urgent.news from The Island Sri Lanka's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
