Sri Lanka, March 1 -- The Executive Board of the International Monetary Fund (IMF) has completed the third review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing Sri Lanka to draw SDR 254 million (approximately US$334 million). This brings the total disbursed under the program to SDR 1.02 billion (around US$1.34 billion).

The EFF arrangement, approved on March 20, 2023, supports Sri Lanka's efforts to restore macroeconomic stability and debt sustainability, protect vulnerable communities, rebuild external reserves, and implement structural reforms.

IMF Deputy Managing Director Kenji Okamura acknowledged Sri Lanka's economic recovery, highlighting low inflation, improving revenue collection, and growing reserves. He...