IMF approves $350 Million for Sri Lanka in fourth review
The Executive Board of the International Monetary Fund (IMF) has completed the fourth review under the 48-month Extended Fund Facility (EFF) arrangement, allowing Sri Lanka to draw approximately US$350 million.
This brings the total IMF financial assistance disbursed to the country so far to US$1.74 billion, according to Evan Papageorgiou, IMF Mission Chief for Sri Lanka.
“The EFF arrangement for Sri Lanka was approved by the Executive Board on March 20, 2023 (see Press Release No. 23/79) in an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion). The program supports Sri Lanka’s efforts to durably restore macroeconomic stability by (i) restoring fiscal and debt sustainability while protecting the vulnerable, (ii) safeguarding price and financial sector stability, (iii) rebuilding external buffers, (iv) strengthening governance and reducing corruption vulnerabilities, and (v) enhancing growth-oriented structural reforms. A full press release will be issued soon,” Papageorgiou said.
Latest Headlines in Sri Lanka
- Sri Lanka President pledges racism free, united nation at Thai Pongal festival January 15, 2026
- 20MW Windscape Mannar power plant connected to Sri Lanka’s national grid January 15, 2026
- Construction begins on 50MW Mannar wind power project January 15, 2026
- Raju Bandara passes away January 15, 2026
- Sri Lanka launches school digitalization programme with China support January 15, 2026
