IMF Reaches Staff-Level Agreement on First Review of Sri Lanka’s Extended Fund Facility Arrangement

IMF Reaches Staff-Level Agreement on First Review of Sri Lanka’s Extended Fund Facility Arrangement

IMF staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported program. Sri Lanka will have access to SDR 254 million (about US$330 million) in financing once the review is approved by IMF Management and IMF Executive Board. “Macroeconomic policy reforms are […]