Colombo, February 14 The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, will visit Sri Lanka for two days, starting from February 16, the global lender announced.
This will be her first visit to the island nation since Sri Lanka entered an IMF bailout in March 2023.
"During her visit, the Managing Director will engage with authorities and stakeholders, witness firsthand the impact of Cyclone Ditwah, and discuss how the IMF can support recovery and help build a stronger future for all Sri Lankans," a statement said.
The nearly USD 3 million IMF bailout supported Sri Lanka's economic recovery after the country declared its first-ever sovereign default in April 2022.
The crisis triggered an unprecedented public uprising that led to the overthrow of the then-government.
Indian assistance of USD 4 billion helped Sri Lanka stay afloat as tens of thousands of people took to the streets amid a severe shortage of essential goods.
However, a strict reform regime required under the IMF agreement became highly unpopular, leading to the ouster of then-president Ranil Wickremesinghe in the September 2024 presidential election.
He was replaced by the former Marxist group, National People's Power (NPP), which, having pledged to undo the IMF bailout, has chosen to continue with it.
The NPP government awaits the sixth tranche of the bailout, which has been delayed due to the cyclone that hit the island nation.
The IMF has responded to the cyclone recovery by releasing USD 200 million under its rapid finance programme.
It was estimated that the full cost of the Ditwah recovery would be between USD 4-6 billion.