The International Monetary Fund has approved the second review of its Extended Fund Facility for Sri Lanka.
Taking to ‘X’, Sri Lanka’s Foreign Minister Ali Sabry said that the IMF Board’s approval is a testament to the Sri Lankan government’s dedication to driving forward economic reforms.
In March last year, IMF had approved the 2.9 billion US Dollar bridge financing package which is available to Sri Lanka over a 48 month period.
The approval by the IMF Management and the IMF Executive Board on economic policies to conclude the second review of the 4-year EFF-supported program and the 2024 Article IV Consultation will unlock access to approximately 330 million US Dollar in financing.
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