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WorldPosted at: Apr 25 2025 10:33PM


IMF, Sri Lanka make progress in 4th review of reform program

Colombo, Apr 25 (UNI) International Monetary Fund (IMF) staff and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the Fourth Review of Sri Lanka's reform program supported by the IMF's Extended Fund Facility (EFF), the IMF said in a statement on Friday.
Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about 344 million U.S. dollars in financing, bringing the total IMF financial support disbursed under the arrangement to about 1.72 billion dollars, the IMF said.
Sri Lanka's ambitious reform agenda continues to deliver commendable outcomes, and the 5-percent economic growth in 2024 is remarkable, the IMF said. Revenue mobilization reforms had improved the revenue-to-GDP ratio to 13.5 percent in 2024, from 8.2 percent in 2022.
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Tags: #IMF# Sri Lanka make progress in 4th review of reform program
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