The discussions related to the third review of the International Monetary Fund program have successfully concluded today. The final meeting, held at the Presidential Secretariat, was attended by a delegation representing the IMF, led by Senior Mission Chief Peter Breuer. Representing the Sri Lankan government, the delegation was headed by Deputy Minister of Economic Development, Professor Anil Jayantha Fernando.

The IMF team is visiting Sri Lanka to assess economic policies, progress on ongoing reforms and the implementation of previous agreements with the IMF. With the successful completion of the third review, the global lender is expected to release the next instalment of the loan worth 330 million USD to Sri Lanka. IMF had approved a 2.9 billion USD Extended Fund Facility available to Sri Lanka over a 48-month period in tranches to help its economy recover from the economic crisis. The island witnessed an acute Forex shortage in 2022 resulting in a short supply of essentials imported by Sri Lanka.