IMF’s Dr. Woldemichael advocates for sustained reform momentum
The Investor Forum 2026 organised by Softlogic Stockbrokers (Pvt) Ltd, brought together assembled industry leaders, financial experts, and investors to discuss Sri Lanka’s economic outlook and equity market prospects.
Dihan Dedigama, Director/CEO of Softlogic Stockbrokers, opened the event, setting the tone for discerning discussions.
Dr. Martha T. Woldemichael, the keynote speaker and IMF Resident Representative to Sri Lanka, underscored the need of maintaining reform momentum for the country’s economic transformation beyond mere crisis stabilisation. She highlighted that ongoing discipline, reform, and partnership among the government, private sector, and international partners are important for converting macroeconomic stability into improved living standards. Key areas for transformation identified by Dr. Woldemichael include trade liberalisation, infrastructure connectivity, digitalisation, and labour market reforms aimed at boosting productivity and female participation.
Dr. Woldemichael noted the progress made under the Extended Fund Facility (EFF), including completed reviews, disbursements, decreasing inflation, and rising GDP, while accenting the importance of fiscal credibility and social programmes to protect vulnerable households.
Economist Dr. Talal Rafi provided further insights into Sri Lanka’s macroeconomic outlook, discussing domestic and geopolitical risks and strategies for navigating the next growth phase. He said that the state has a large primary surplus from last year, which is a good thing. He underscored that stabilisation without structural reforms will not take the country forward.
He also highlighted that political parties should come to a consensus with regard to economic reforms.
The forum also featured a panel discussion moderated by Raynal Wickremeratne, Co-head of Research at Softlogic, which included prominent figures from various sectors such as banking, real estate, insurance, construction, and agriculture. The panellists shared their perspectives on the current economic landscape and future opportunities for growth in Sri Lanka.
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