The Sri Lankan Government is optimistic that the International Monetary Fund (IMF) will approve a third tranche under its Extended Fund Facility for Sri Lanka today.
State Finance Minister Shehan Semasinghe taking to ‘X’ said that the the IMF Board is scheduled to discuss the second review for the Extended Fund Facility (EFF) marking a significant milestone for the country’s economic recovery process.
“We remain optimistic that our international partners will continue to support Sri Lanka’s efforts,” the Minister said.
Semasinghe said that the Government expects a favourable outcome from the review, with the anticipation of unlocking the third tranche of approximately US$ 330 million, bolstering confidence in Sri Lanka’s ongoing economic reforms and growth.
Additionally, the government is nearing the final stages of finalizing debt restructuring agreements, with continued support from bilateral partners, the Minister said. (Newswire)
Today is (12th June) a significant milestone for Sri Lanka’s economy as the IMF board is scheduled to discuss the second review of the Extended Fund Facility (EFF) and Article IV consultation. We remain optimistic that our international partners will continue to support Sri… pic.twitter.com/mEK1aLIBoZ
— Shehan Semasinghe (@ShehanSema) June 12, 2024