April 17, Colombo (LNW): Sri Lanka is advancing in its discussions with the International Monetary Fund (IMF) as both parties focus on finalizing the second review of the IMF’s Extended Fund Facility (EFF), a key step in their ongoing economic collaboration. This development was reported following a critical meeting between State Finance Minister Shehan Semasinghe and Dr. Krishnamurthy Subramaniam, the IMF Executive Director for Sri Lanka and India, which took place in Washington, D.C.
The meeting occurred on the sidelines of the 2024 Mid-Year Spring Meetings of the IMF and the World Bank, an event that Minister Semasinghe attended. During their discussions, Semasinghe highlighted the positive trajectory of the negotiations and emphasized the significant role of the IMF, the World Bank, and other international partners in aiding Sri Lanka during its severe economic crisis in 2022. He credited this international support as a pivotal factor in the country’s current stability and economic progress.
