Sri Lanka, Oct. 9 -- The International Monetary Fund (IMF) and the Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the Fifth Review of Sri Lanka's reform program under the Extended Fund Facility (EFF).

Once approved by the IMF Executive Board, the country will gain access to approximately US$347 million in financing.

The IMF mission, led by Mr. Evan Papageorgiou, visited Sri Lanka from September 24 to October 9, 2025, to review recent macroeconomic developments and assess progress under the reform program. The EFF arrangement, amounting to SDR 2.3 billion (around US$3 billion), was originally approved by the IMF Executive Board in March 2023.

Mr. Papageorgiou noted that Sri Lanka's economic...