Cabinet Spokesman and Minister Dr. Nalinda Jayatissa confirmed the agreement on Monday, stating that the loan would be provided as a policy-based loan aimed at strengthening the nation’s economic reforms. The loan aligns with the parameters set under the EFF program, ensuring that Sri Lanka remains on track to address its economic challenges and promote long-term fiscal stability.
The IMF has also affirmed that the funding is in line with the goals of the EFF program, which seeks to support Sri Lanka's economic recovery following a period of financial crisis. The funding is expected to help implement key reforms and achieve macroeconomic stability in the coming years.
This step marks a significant milestone in Sri Lanka’s efforts to stabilize its economy and regain investor confidence, as the government continues its collaboration with international financial institutions to address pressing fiscal issues.
