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Sri Lanka's economic recovery remains challenging: IMF

AFP Cash-strapped Sri Lanka's economy showed "tentative signs of improvement" but recovery remains challenging and Colombo must pursue painful reforms, the IMF said Friday. The International Monetary Fund's Deputy Managing Director Kenji Okamura said the country was emerging from its unprecedented crisis thanks to reforms including the doubling of taxes, spending cuts and the scrapping of subsidies. ....

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Sri Lanka's recovery still challenging: IMF

Cash-strapped Sri Lanka’s economy showed “tentative signs of improvement” but recovery remains challenging and Colombo must pursue painful reforms, the IMF said on June 2. ....

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