Sri Lanka, April 4 -- The Ministry of Finance announced that it is ready to actively engage with the US administration to manage the trade balance fairly and is prepared to significantly reduce tax and non-tariff barriers to promote trade and investment.

The statement also noted that Sri Lanka has been participating in an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) since March 2023, and the third review of the program has been successfully completed.

The Ministry expressed its appreciation for the consistent support extended by the United States towards Sri Lanka's economic recovery, particularly in assisting with external debt restructuring efforts.

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