The second review of the International Monetary Fund program begins today.A team of IMF officials are scheduled to visit Sri Lanka to assess the country’s progress.
The visit aims to pave the way for the release of the third loan tranche from the International Monetary Fund.The officials are expected to meet President Ranil Wickremesinghe, along with representatives from the Ministry of Finance and the Central Bank of Sri Lanka.
“We are confident of a successful review,” affirms State Minister for Finance, Shehan Semasinghe in a post on X, formerly known as Twitter. “The opening meeting with the President today marks a vital step in this process.”
The objective of the review is to assess Sri Lanka’s progress under the IMF program. A successful review, culminating in a staff-level agreement, would pave the way for the release of the third loan tranche from the IMF.
“This disbursement would be a significant boost,” explains Minister Semasinghe. “It will accelerate our economic growth trajectory and foster increased confidence in Sri Lanka’s financial standing.”
