IMF Staff Reaches Staff-Level Agreement on an EFF Arrangement with Sri Lanka: IMF

IMF Staff Reaches Staff-Level Agreement on an EFF Arrangement with Sri Lanka: IMF

IMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about US$2.9 billion. The objectives of Sri Lanka’s new Fund-supported program are to restore macroeconomic stability and debt sustainability, while safeguarding financial stability, protecting the vulnerable, […]