ECONOMYNEXT – The International Monetary Fund wants Sri Lanka’s upcoming 2026 budget parameters to be in line with its External Fund Facility (EFF) programme as the prior action before the global lender’s board approving the Staff Level Agreement with the island nation’s authorities, a top official said. IMF staff and the Sri Lankan authorities have reached staff-level agreement on the country’s economic policies to conclude the Fifth Review of Sri Lanka’s reform program supported by the EFF. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$347 million in financing. However, Sri…
IMF needs Sri Lanka’s budget parameters to be in line with EFF for next disbursement
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