Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies, concluding the combined Fifth and Sixth Reviews under the Extended Fund Facility (EFF) programme.
Once approved by the IMF Executive Board, Sri Lanka will gain access to approximately US$700 million in financial assistance, further supporting the country’s economic recovery.
The IMF noted that economic reforms implemented by Sri Lankan authorities continue to deliver positive results, with foreign reserves increasing and real GDP growth and revenue mobilization outperforming expectations.
These remarks were made during a press briefing held at the Central Bank of Sri Lanka by IMF representative Evan Papageorgiou.
However, Sri Lanka remains vulnerable to external risks, particularly due to the ongoing Middle East conflict, and continues to rebuild following the impact of Cyclone Ditwah.
The IMF emphasized that advancing reforms is critical to safeguard macroeconomic stability, ensure inclusive growth, and strengthen economic resilience amid global uncertainties.
