Sri Lanka’s State Minister for Finance, Shehan Semasinghe, expressed optimism on Twitter (platform Twitter) ahead of the International Monetary Fund (IMF) board discussion on the second review of the Extended Fund Facility (EFF) and Article IV consultation, taking place today, June 12th, 2024.
“We remain optimistic that our international partners will continue to support Sri Lanka’s efforts,” Semasinghe said. A positive outcome from the review is anticipated to unlock the third tranche of approximately USD 330 million, which would significantly boost confidence in Sri Lanka’s ongoing economic reforms and growth initiatives.
The State Minister also highlighted that the Sri Lankan government, with continued support from bilateral partners, is in the final stages of finalizing debt restructuring agreements.