Home » IMF Board meeting to evaluate SL’s economic policies and fund facility progress tomorrow (June 12)

IMF Board meeting to evaluate SL’s economic policies and fund facility progress tomorrow (June 12)

written by MIAP Source

June 11, Colombo (LNW): The upcoming IMF Board meeting scheduled for June 12 will feature discussions on the Article IV consultation and second review under the Extended Fund Facility (EFF) for Sri Lanka.

The session aims to assess Sri Lanka’s economic policies and the progress of reforms.

Notably, a team from the IMF recently concluded the second review of the programme for Sri Lanka.

During the meeting, the IMF Executive Board will deliberate on the staff review to facilitate the disbursement of the third tranche of the approximately US$ 3 billion facility allocated to the island nation.

State Minister Shehan Semasinghe highlighted Sri Lanka’s anticipation for continued support from all countries to ensure a successful review and unlock the third tranche.

This disbursement is expected to further bolster economic stability, growth, and reform efforts in the country.

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written by MIAP Source

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