By: Isuru Parakrama
November 01, Colombo (LNW): An International Monetary Fund (IMF) team is set to visit Sri Lanka soon for discussions on the third review of the country’s Extended Fund Facility (EFF) programme, announced Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department.
Srinivasan provided these updates during an IMF press briefing today (01).
He highlighted the IMF’s recent interactions with the new Sri Lankan government, acknowledging the significant strides made under the programme.
“Following the new government’s appointment, we conducted a mission in Sri Lanka, holding fruitful talks with the President and his administration. The progress achieved to date is noteworthy, and it’s essential to protect these advances while taking further steps to reinforce them,” Srinivasan remarked.
Srinivasan underscored the government’s firm commitment to meeting the fiscal and debt targets established in partnership with the IMF.
Recently, a Sri Lankan delegation travelled to Washington to continue discussions for the upcoming review, with ongoing negotiations showing positive developments.
The forthcoming IMF mission to Sri Lanka is expected to deepen these discussions and assess the country’s progress under the EFF, focusing on fiscal policy adjustments and debt management strategies essential for economic stabilisation.
