May 31, Colombo (LNW): Sri Lanka is expected to receive the latest instalments of financial assistance under its ongoing programme with the International Monetary Fund (IMF) during the first week of June, according to the Ministry of Finance and Planning.
Officials said preparations are currently being finalised to facilitate the release of the next disbursements under the IMF’s Extended Fund Facility (EFF), which continues to play a central role in the country’s economic reform agenda.
The anticipated funding follows the recent approval by the IMF Executive Board of an additional US$ 695 million for Sri Lanka. The approval was granted after a review of the country’s progress in implementing agreed economic reforms and policy commitments aimed at restoring fiscal stability and strengthening public finances.
With the latest allocation, total financial support released to Sri Lanka under the four-year programme has increased to approximately US$ 2.4 billion.
The facility, which commenced in March 2023, was designed to support the country’s recovery following the unprecedented economic turmoil that culminated in a severe financial crisis in 2022.