IMF team to visit Sri Lanka soon for third review under EFF program

IMF team to visit Sri Lanka soon for third review under EFF program

November 1, 2024   11:04 am

A team from the International Monetary Fund (IMF) will soon visit Sri Lanka to discuss the third review under the country’s Extended Fund Facility (EFF) program, according to Krishna Srinivasan, the Director of the IMF’s Asia and Pacific Department.

He made these remarks in response to a question during a press briefing held by the IMF today (01). 

“Right after the new government came into office; we had a mission in Sri Lanka, where we held productive discussions with the President and his team. It is clear that Sri Lanka has made significant progress under the program, and these gains must be safeguarded. Measures need to be taken to build on the successes achieved so far,” he said.

Srinivasan further emphasized that the new government is fully committed to the IMF-supported program, particularly regarding fiscal and debt targets. 

“A team from Sri Lanka was in Washington to continue discussions on the next review, and negotiations are ongoing. Good progress has been made. Our mission is to return to Sri Lanka to continue these negotiations for the next third review,” he stated.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

If existing laws are insufficient, submit proposals to strengthen them – President (English)

If existing laws are insufficient, submit proposals to strengthen them – President (English)

Sluice gates of major reservoirs opened due to heavy rainfall (English)

Vocational education must be respected pathway to economic growth – PM Harini (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

Adverse weather wreaks havoc in parts of the island as heavy rainfall continues (English)

Restoring country's education system is govt's top priority - PM Harini (English)

'No treasure hunt going on at excavation site' - Minister of Buddha Sasana (English)