Sri Lanka, June 13 -- The International Monetary Fund (IMF) has acknowledged Sri Lanka's continued progress under its economic reform program, with the country now nearing access to the next tranche of IMF funding worth approximately USD 344 million.

Speaking at the IMF's weekly press briefing, IMF Spokesperson Julie Kozack said that a Staff-Level Agreement had been reached on April 25 between IMF staff and Sri Lankan authorities, marking the completion of the fourth review of the ongoing reform agenda.

"The program and Sri Lanka's ambitious reform agenda continue to deliver commendable outcomes. Performance under the program remains strong overall, and the government remains committed to program objectives," Kozack stated.

However, sh...