Sri Lanka becomes the first in Asia to publicise GDFNewsSri Lanka has become the first Asian country to publish its Growth Diagnostic Framework (GDF), a major development in addressing its economic challenges and promoting sustainable growth. This was discussed in a recent episode of Advocata Studio discussions featuring Advocata Chair Murtaza Jafferjee and IMF representatives Peter Breuer and Mr. Turkewitz. Peter Breuer, IMF Senior Mission Chief for Sri Lanka, expressed optimism about the country's commitment to reforms, emphasising the importance of enforcement mechanisms and the selection process for anti-corruption commissioners. The publication of the GDF is seen as a critical step for Sri Lanka, especially in the post-pandemic economic environment, offering a structured approach for policy decisions, attracting foreign investment, and enhancing economic stability. IMF representatives reaffirmed their support for Sri Lanka in implementing the framework, marking a new chapter in Sri Lanka-IMF relations aimed at improving the country's economic governance.

Source: Sunday Times January 30, 2024 15:19 UTC