IMF executive board to meet on June 12 for Sri Lanka’s second review

IMF executive board to meet on June 12 for Sri Lanka’s second review

June 3, 2024   08:13 am

The Article IV Consultation and second review under the Extended Fund Facility (EFF) for Sri Lanka are on the International Monetary Fund’s (IMF) Executive Board meeting agenda for June 12, says State Minister of Finance Shehan Semasinghe. 

“The session will evaluate Sri Lanka’s economic policies and reform progress,” he said, in a post on ‘X’ (formerly Twitter). 

He also said Sri Lanka looks forward for continued support of all countries for a successful review to unlock the third tranche, which will further enhance economic stability, growth, and reform efforts.

IMF staff and the Sri Lankan authorities have 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, the Director of IMF Communications Julie Kozack said last month. 

“Once the review is approved by IMF Management and completed by the IMF Executive Board, Sri Lanka will have access to about US$337 million in financing”, she added.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Court directs CID to develop programme to reimburse 'Onmax DT' depositors

Court directs CID to develop programme to reimburse 'Onmax DT' depositors

Govt intervention and policies crucial for success in digitization – Dr. Bandula Wijay (English)

Historic Kandyan Kings' Palace reopens following US-funded restoration (English)

Unidentified fever spreads in Jaffna (English)

Faiszer Musthapha to be appointed NDF National List MP (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

TV Derana awarded 'Service Brand of the Year 2024' at 'SLIM Brand Excellence 2024' Awards (English)