President Anura Kumara Dissanayake met with representatives from the International Monetary Fund (IMF) today (06) at the Presidential Secretariat to discuss the progress of Sri Lanka’s Extended Fund Facility (EFF) program.
The government has reached a staff-level agreement with the IMF for the third review of the $3 billion loan program. The details of this review will be presented to the IMF Board of Directors by the end of the month. Discussions focused on Sri Lanka’s progress and future steps to continue the program.
Once the IMF Executive Board approves the review, Sri Lanka will receive the fourth installment of the loan, worth $333 million.
The meeting was attended by IMF Executive Director Dr. Krishnamurthy Subramanian, Alternate Executive Director Dr. P. K. G. Harischandra, Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Finance Mahinda Siriwadana, and Central Bank Governor Dr. Nandalal Weerasinghe.
