Sri Lanka, Feb. 8 -- The International Monetary Fund (IMF) has stated that Sri Lanka's compliance with IMF conditions in the 2025 budget will be a key factor in approving the next tranche of funding under the Extended Fund Facility (EFF).

IMF Communications Director Julie Kozack confirmed that the Executive Board will review the third assessment of Sri Lanka's EFF in the coming weeks. She noted that a staff-level agreement was reached on November 23 between the IMF delegation and Sri Lankan authorities, and once approved, Sri Lanka will receive approximately $333 million in financing.

Kozack highlighted that Sri Lanka's economic recovery has shown positive signs, with a 5.5% growth rate in 2024, declining inflation, and an increase in f...