Sri Lanka, March 1 -- The International Monetary Fund (IMF) on Friday said its executive board completed the third review under the 48-month Extended Fund Facility (EFF) Arrangement for Sri Lanka, allowing the government to draw SDR 254 million (about US$334 million) to support its economic policies and reforms.

This brings the total IMF financial support disbursed to Sri Lanka so far to SDR 1.02 billion (about US$1.34 billion).

The IMF said performance under the program has been strong and that all quantitative targets for end-December 2024 were met, except the indicative target on social spending.

Most structural benchmarks due by end-January 2025 were either met or implemented with delay, the statement said, adding that the recent s...