The latest disbursement follows the successful completion of the Fifth and Sixth Reviews of Sri Lanka’s economic reform program supported by the IMF’s 48-month EFF arrangement.
Last week, the IMF Executive Board approved the combined Fifth and Sixth Reviews, enabling the release of approximately US$695 million. With this latest tranche, Sri Lanka’s total purchases under the facility have reached SDR 1.778 billion, equivalent to about US$2.4 billion.
The IMF Executive Board originally approved Sri Lanka’s EFF arrangement on March 20, 2023, providing access to SDR 2.286 billion, or roughly US$3 billion. The program was established to support the country’s efforts to restore macroeconomic stability and address the economic crisis.
According to the IMF, the reform program focuses on restoring fiscal and debt sustainability, protecting vulnerable communities, maintaining price and financial sector stability, rebuilding external reserves, strengthening governance, reducing corruption vulnerabilities, and implementing structural reforms aimed at supporting long-term economic growth.
The latest disbursement is expected to bolster Sri Lanka’s fiscal position and support the continuation of key economic reforms as the country seeks to sustain its recovery and strengthen economic resilience.
