International Monetary Fund (IMF) Senior Mission Chief Peter Breuer says Sri Lankans are paying a steep price for past policy missteps and lack of preparedness for economic shocks.

Speaking on his final day in the role, Breuer recalled the dire conditions he witnessed in June 2022, when the country faced fuel and medicine shortages, power cuts, and depleted reserves.

He credited difficult reforms and public sacrifice for a strong recovery, noting 5% economic growth in 2024 and a significant drop in borrowing costs.

Breuer emphasised the need to sustain reforms, limit tax exemptions, and maintain disciplined policies to ensure long-term stability and growth.

He affirmed the IMF’s continued support as Sri Lanka works toward a durable recovery and economic resilience.