The fourth review of the International Monetary Fund (IMF) supported-program for Sri Lanka concluded yesterday .According to
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The International Monetary Fund (IMF) on Friday said its executive board completed the third review under the 48-month Extended Fund Facility (EFF) Arrangement for Sri Lanka, allowing the government to draw SDR 254 million (about US$334 million) to support its economic policies and reforms.
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Sri Lanka is set to be removed from the International Monetary Fund’s (IMF) surcharge list of countries, once the multilateral lender’s latest lending reforms come into effect from November 1 of this year.
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A Sri Lanka delegation had discussed taxes and revenue targets during a visit the International Monetary Fund headquarters in the US, Minister Vijitha Herath said.
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Sri Lanka aims to conclude its debt restructuring process by year-end, with expectations for a prompt exit from the default rating category soon after,
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