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Sri Lanka reaches IMF staff-level agreement on combined Fifth and Sixth reviews under EFF arrangement

A.R.B.J Rajapaksha
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Economy & Growth Money & Currencies

Sri Lanka reaches IMF staff-level agreement on combined Fifth and Sixth reviews under EFF arrangement

International Monetary Fund (IMF) staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the combined Fifth and Sixth Reviews of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility (EFF) .

Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about S$700 million in financing.

Source - The Morning

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