President holds talks with visiting IMF officials

Friday, 7 February 2025 00:14 - - {{hitsCtrl.values.hits}}

A comprehensive discussion regarding the progress of the Extended Fund Facility (EFF) agreed with the International Monetary Fund (IMF) took place yesterday between President Anura Kumara Dissanayake and a visiting delegation from the multilateral lending agency.

The Government has already reached a staff-level agreement with the IMF on the third review regarding the extended arrangement under the EFF of $ 3 billion.

The details of this review are expected to be presented to the International Monetary Fund’s Board of Directors by the end of this month. In this regard, discussions were held regarding the progress and the Government’s involvement in continuing the program moving forward.

Once the approval is granted by the IMF Executive Board, Sri Lanka is expected to receive the fourth tranche of the extended loan, amounting to $ 333 million.

The discussion was also 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, Ministry of Finance Secretary Mahinda Siriwardana, and Central Bank of Sri Lanka Governor Dr. Nandalal Weerasinghe.