IMF approves Sri Lanka program review



The International Monetary Fund has approved a review of Sri Lanka’s program, Foreign Minister Ali Sabry has said.

On a X post, he has said, “This achievement is a testament to our dedication to driving forward economic reforms and securing a prosperous future for all Sri Lankans.”

According to the State Minister of Finance – Shehan Semasinghe, “a favorable outcome from the review is expected to unlock the 3rd tranche of approximately USD 330 million”.

The IMF had earlier said Sri Lanka had made “sufficient progress” on debt restructuring for a review on June 12, despite final deals pending with bilateral creditors and private creditors.


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