The International Monetary Fund (IMF) has scheduled a review of Sri Lanka’s economic program for June 12th. This review will assess the country’s progress on reforms and economic policies.
“The session will evaluate Sri Lanka’s economic policies and reform progress,” stated State Minister for Finance Shehan Semasinghe. “We look forward to the continued support of all countries for a successful review to unlock the third tranche, which will further enhance economic stability, growth, and reform efforts.”
Sri Lanka is currently finalizing Memorandums of Understanding (MOUs) with official creditors and is also engaged in discussions with the IMF. The upcoming review will encompass both the program review and an Article IV consultation, a standard IMF process that analyzes a member country’s economic and financial policies.
A successful review by the IMF Board could unlock the third tranche of financial assistance for Sri Lanka, which would be crucial for further bolstering the country’s economic stability and growth prospects.