The International Monetary Fund (IMF) will commence discussion with Sri Lankan authorities on the seventh review of the Extended Fund Facility (EFF) arrangement later this year, IMF Mission Chief for Sri Lanka Evan Papageorgiou has confirmed.
The eighth and final review will take place before March, 2027 when the current programme is due to conclude, he added.
Speaking at a briefing held at the Central Bank of Sri Lanka (CBSL) premises in Colombo, Mission Chief Evan Papageorgiou noted that a number of matters were discussed during the interim IMF delegation visit to Sri Lanka which concluded today.
He added, progress in meeting commitments under the IMF-supported program will be formally assessed in the context of the seventh review of the EFF arrangement in the upcoming mission.
Evan Papageorgiou also noted the Sri Lankan authorities’ prompt action amid the Middle East war helped preserve macroeconomic and social stability. He added sustaining reform momentum remains critical to navigating the shock while preserving fiscal and external sustainability and continuing efforts toward building resilience and delivering strong, durable and inclusive growth.
