• The IMF Executive Board will discuss Sri Lanka's Article IV Consultation and second review under the Extended Fund Facility (EFF) on June 12.

On June 12, the International Monetary Fund’s (IMF) Executive Board is set to discuss the Article IV Consultation and second review under the Extended Fund Facility (EFF) for Sri Lanka, as announced by State Minister of Finance Shehan Semasinghe. This session aims to assess Sri Lanka’s economic policies and reform progress. Semasinghe expressed optimism regarding continued international support for a successful review, emphasizing its potential to bolster economic stability, growth, and reform endeavors. Notably, IMF staff and Sri Lankan authorities have already reached a staff-level agreement on economic policies to conclude the second review of the four-year EFF-supported program and the 2024 Article IV Consultation, as stated by IMF Director of Communications Julie Kozack in the previous month. Kozack also highlighted that upon approval by IMF Management and completion by the IMF Executive Board, Sri Lanka stands to gain access to approximately $337 million in financing.

IMF 2nd review: Exec. Board to meet on 12 June | The Morning