Sri Lanka, April 25 -- IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the Fourth Review of Sri Lanka's reform program supported by the IMF's Extended Fund Facility. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$344 million in financing.
Program performance remains strong overall. Economic growth is rebounding. Revenue mobilization, reserve accumulation, and structural reforms are advancing as envisaged. Debt restructuring is nearly complete. Importantly, the government remains committed to program objectives.
However, global trade policy uncertainty poses significant downside risks to Sri Lanka's economy. If these materialize, au...