header logo
Vallibel FD
vallible LE
Latest
IMF has so far disbursed USD 2.4 billion to Sri Lanka under EFF programme
May 28, 202601:07 PM
IMF has so far disbursed USD 2.4 billion to Sri Lanka under EFF programme
Mobitel inner 1278

The IMF Executive Board completed the combined Fifth and Sixth Reviews under the 48-month Extended Fund Facility (EFF) for Sri Lanka, providing the country with immediate access to SDR 508 million (about US$ 695 million) to support economic policies and reforms. 

 

These are the sixth and seventh tranches Sri Lanka receives under the IMF-EFF. 

 

Accordingly, the total IMF financial support disbursed so far increases to SDR 1.778 billion (about US$ 2.4 billion). 

 

The CBSL made this statement while clarifying details regarding the fifth and sixth combined reviews of the Extended Fund Facility for Sri Lanka.

 

In a statement, the Central Bank noted that the IMF Executive Board completed the combined Fifth and Sixth Reviews of the Extended Fund Facility for Sri Lanka, providing the country with immediate access to SDR508 million (about US$695 million) to support economic policies and reforms.

 

According to the statement, “performance under the program was generally strong. The prior actions on restoring fuel and electricity cost-recovery pricing have been met. The continuous performance criteria on no new external payment arrears and on not imposing or intensifying import restrictions were not observed. 

 

Accordingly, all end-December 2025 quantitative performance criteria were met. Most structural benchmarks were met or implemented with a delay. 

 

The war in the Middle East and the aftermath of Cyclone Ditwah pose downside risks, but the economy is expected to remain resilient. Hard-won gains from the reform program have enabled swift policy responses to support the economy and help protect the vulnerable.”

 

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.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
 CPC will be strengthened with 75 new fuel stations - President at Economic and Investment Summit

CPC will be strengthened with 75 new fuel stations - President at Economic and Investment Summit

MP Namal Rajapaksa further remanded until Oct. 27 over Airbus bribery case

MP Namal Rajapaksa further remanded until Oct. 27 over Airbus bribery case

Central Bank of Sri Lanka releases Financial Stability Review 2026

Central Bank of Sri Lanka releases Financial Stability Review 2026

Various Buddhist leaders and groups express views on Gnanasara Thero's monastic robes issue

Various Buddhist leaders and groups express views on Gnanasara Thero's monastic robes issue

Former CJ Sarath N. Silva claims punishment imposed on Gnanasara Thero against the law

Former CJ Sarath N. Silva claims punishment imposed on Gnanasara Thero against the law

MP Chamara Sampath Dassanayake remanded following arrest over bribery allegations

MP Chamara Sampath Dassanayake remanded following arrest over bribery allegations

 Minister Bimal reveals details of corruption cases filed against politicians and other key figures

Minister Bimal reveals details of corruption cases filed against politicians and other key figures

NPP MP Chandana Sooriyaarachchi released on bail following arrest over road accident

NPP MP Chandana Sooriyaarachchi released on bail following arrest over road accident

 Producing Gnanasara Thero before court inprison clothing sparks

Producing Gnanasara Thero before court inprison clothing sparks

 Sri Lanka reaches staff-level agreement with IMF Seventh review clears path for $345mn disbursement

Sri Lanka reaches staff-level agreement with IMF Seventh review clears path for $345mn disbursement

Gnanasara Thero sent back to prison Appeals Court orders enforcement of remaining prison sentence

Gnanasara Thero sent back to prison Appeals Court orders enforcement of remaining prison sentence

Sri Lanka rejects US pressure over Iran vessels; FM reaffirms sovereignty, humanitarian commitments

Sri Lanka rejects US pressure over Iran vessels; FM reaffirms sovereignty, humanitarian commitments

“Is the Govt. promoting diesel mafia's agenda?” Govt. curtailing renewable energy projects- Sajith

“Is the Govt. promoting diesel mafia's agenda?” Govt. curtailing renewable energy projects- Sajith

Galagoda Aththe Gnanasara Thero remanded after arrest; Appeals Court to decide next steps tomorrow

Galagoda Aththe Gnanasara Thero remanded after arrest; Appeals Court to decide next steps tomorrow

Colombo International Book Fair draws over 2.5 million visitors;Derana commended for public outreach

Colombo International Book Fair draws over 2.5 million visitors;Derana commended for public outreach

Lassana Flora