The International Monetary Fund (IMF) has actually designated Evan Papageorgiou as the brand-new Mission Chief for Sri Lanka, succeeding Peter Breuer, who concluded his period after playing a key role in Sri Lankas economic recovery efforts.Breuer functioned as the IMF Mission Chief during a crucial stage when Sri Lanka faced its worst recession in decades.
He led settlements on the $3 billion Extended Fund Facility (EFF) program authorized in March 2023 and oversaw the very first 3 reviews of the program.His management contributed ahead of time conversations on debt restructuring and macroeconomic reforms aimed at bring back stability and growth.Evan Papageorgiou, who takes over the role, is a Deputy Division Chief in the IMFs Asia and Pacific Department.
He brings extensive experience in financial policy and IMF operations in the region.Papageorgiou will now lead the Funds continuous engagement with Sri Lanka as it continues implementing reforms under the EFF program.