A high-level discussion on the progress of Sri Lanka’s Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF) took place yesterday (06) at the Presidential Secretariat, led by President Anura Kumara Dissanayake and an IMF delegation.
According to the President’s Media Division (PMD), the government has already reached a staff-level agreement with the IMF on the third review of the USD 3 billion extended arrangement. The review details are expected to be presented to the IMF Board of Directors by the end of this month.
The discussions focused on the implementation progress and the government’s commitment to continuing the program. Once the IMF Executive Board grants approval, Sri Lanka is set to receive the fourth tranche of the extended loan, amounting to USD 333 million.
The meeting was attended by IMF Executive Director Dr. Krishnamurthy Subramanian, Alternate Executive Director Dr. P. K. G. Harischandra, Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Finance Mahinda Siriwadana, and Central Bank Governor Dr. Nandalal Weerasinghe.
