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International Monetary Fund Initiates Second Review of Sri Lanka’s Extended Fund Facility (EFF) Program with Meeting with President Ranil Wickremesinghe

Commencing today, March 7, the International Monetary Fund (IMF) will undertake its second review of the Extended Fund Facility (EFF) program for Sri Lanka, starting with an opening meeting scheduled with President Ranil Wickremesinghe.

Finance State Minister Shehan Semasinghe, using his official communication platform (formerly Twitter), highlighted the significance of this event as a crucial milestone in the government’s ongoing efforts to enhance stability and promote economic growth.

Semasinghe expressed the government’s optimism in concluding a successful review and reaching a staff-level agreement, a key step that will pave the way for accessing the third tranche of the EFF program. He emphasized that this achievement is expected to accelerate Sri Lanka’s growth trajectory, fostering increased confidence in the national economy.

The second review by the IMF is seen as a pivotal moment in Sri Lanka’s economic reform efforts, underscoring the government’s commitment to financial stability and sustainable growth.

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