Sri Lanka, Feb. 7 -- The International Monetary Fund (IMF) says that its Executive Board's approval for the release of the fourth tranche of Sri Lanka's Extended Fund Facility (EFF) program is contingent upon implementation by the authorities of prior actions, including submission of the 2025 Budget that is "consistent with parameters identified under the program".

IMF Communication Department Director and Spokesperson Julie Kozack stated that on November 23, 2024, the IMF staff and the Sri Lankan authorities reached a staff-level agreement on the Third Review of Sri Lanka's EFF program and that once approved by the IMF's Executive Board, Sri Lanka will have access to around USD 333 million in financing.

Furthermore, she expressed that ...