Sri Lanka, Feb. 7 -- The International Monetary Fund (IMF) has stressed the importance of the 2025 budget aligning with the parameters of the Extended Fund Facility (EFF) program, as the Executive Board prepares for its upcoming review. Ms. Julie Kozack, Director of the Communications Department at the IMF, highlighted this during a recent press briefing.
On November 23rd, 2024, IMF staff and Sri Lankan authorities reached a staff-level agreement on the Third Review of Sri Lanka's EFF program. This agreement, once approved by the IMF's Executive Board, will provide Sri Lanka with access to approximately $333 million in financing. The Board meeting to consider this approval is expected to take place in the coming weeks.
Ms. Kozack took the...