Opposition Leader Sajith Premadasa has warned that Sri Lanka could face renewed financial instability unless the government moves to secure a successor agreement with the International Monetary Fund (IMF).

Addressing an event at the SJB headquarters, Premadasa stated that current foreign reserves are insufficient to cover three months of imports and noted that the present IMF programme is due to end in March 2027.

He also cautioned that rising global tensions and future foreign debt repayments could place further pressure on the country’s economy and foreign exchange reserves.