April 09, LNW (Colombo): Sri Lanka has reached a staff-level agreement with the International Monetary Fund to conclude the combined Fifth and Sixth Reviews of its economic reform program under the Extended Fund Facility (EFF).
According to the IMF, the agreement reflects progress in implementing key economic and financial reforms. Once approved by the IMF Executive Board, Sri Lanka will gain access to approximately US$700 million in financing, providing a further boost to the country’s ongoing recovery efforts.
The agreement follows a visit by an IMF mission team led by Evan Papageorgiou, who was in Sri Lanka from March 26 to April 9, 2026. During the visit, discussions focused on recent macroeconomic developments and the government’s progress in carrying out reforms under the EFF arrangement.
The Extended Fund Facility program is a crucial component of Sri Lanka’s broader strategy to stabilize the economy, restore fiscal discipline, and strengthen financial systems.
Final approval from the IMF Executive Board is expected to pave the way for the next tranche of financial support, as the country continues its path toward economic recovery.
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