Today (Sept. 14), the first review of Sri Lanka’s Extended Fund Facility (EFF) with the International Monetary Fund is scheduled to begin.
According to Finance State Minister Shehan Semasinghe’s post on X (formerly Twitter), this review is a significant step towards receiving the second tranche of funding and boosting confidence in the island nation’s economic recovery.
According to him, Sri Lanka is now well-positioned for economic recovery and is on a promising road for growth in 2024 thanks to the successful conclusion of the first IMF assessment.
Today, a delegation from the Washington-based international lender will go to Colombo for the review, which will last until September 27.
