Sri Lanka, April 25 -- The International Monetary Fund (IMF) announced today that it has reached a staff-level agreement with the Sri Lankan authorities on the Fourth Review of the country's economic reform program under the Extended Fund Facility (EFF).

This milestone brings Sri Lanka a step closer to receiving approximately US$344 million in additional funding, pending approval by the IMF Executive Board.

The agreement follows a series of constructive discussions in Colombo and at the IMF and World Bank Spring Meetings in Washington, D.C. Evan Papageorgiou, IMF Mission Chief for Sri Lanka, emphasized that the staff-level agreement reflects continued strong performance under the EFF program.

"Sri Lanka's ambitious reform agenda contin...