President holds discussion with IMF representatives on progress of EFF program

A comprehensive discussion regarding the progress of the Extended Fund Facility (EFF) agreed with the International Monetary Fund (IMF) took place today (06) at the Presidential Secretariat, between President Anura Kumara Dissanayake and the IMF delegation.

The current government has already reached a staff-level agreement with the IMF on the third review regarding the extended arrangement under the Extended Fund Facility (EFF) of USD3 billion, the President’s Media Division (PMD) stated.

The details of this review are expected to be presented to the International Monetary Fund’s Board of Directors by the end of this month. In this regard, discussions were held regarding the progress and the government’s involvement in continuing the program moving forward.

Once the approval is granted by the IMF Executive Board, Sri Lanka is expected to receive the fourth tranche of the extended loan, amounting to 333 million dollars, the statement added.

The discussion was also 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 Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe.

--PMD--