By: Isuru Parakrama
November 10, Colombo (LNW): A delegation from the International Monetary Fund (IMF) is set to arrive in Sri Lanka next week to conduct the third review of the nation’s Extended Fund Facility (EFF) programme.
Led by senior mission chief Peter Brewer, the delegation aims to assess Sri Lanka’s adherence to the IMF-supported economic reform plan, a critical aspect of the country’s recovery strategy.
During their stay, the IMF team will examine the Sri Lankan government’s current economic policies and evaluate the progress made on previous commitments.
This review is crucial, as it will determine the release of the next loan tranche under the EFF, helping Sri Lanka stabilise its economy amidst ongoing fiscal challenges.
The team’s agenda includes in-depth discussions with key economic authorities, including the Ministry of Finance and the Central Bank, on the effectiveness of policy measures implemented so far.
Recent discussions in Washington saw the Finance Ministry Secretary and the Central Bank Governor reaffirming the government’s commitment to the IMF’s programme, signalling continued dedication to reforms aimed at economic stabilisation.
Following this third review, and contingent upon satisfactory progress, Sri Lanka is expected to receive the fourth instalment of financial support under the EFF.
