SL seals Staff Level Agreement with IMF for $ 2.9 b Extended Fund Facility

Thursday, 1 September 2022 10:47 - - {{hitsCtrl.values.hits}}

Sri Lanka has reached a Staff Level Agreement with the International Monetary Fund (IMF) to support country’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of around $2.9 billion.

The objectives of Sri Lanka’s new Fund-supported program are to restore macroeconomic stability and debt sustainability, while safeguarding financial stability, protecting the vulnerable, and stepping up structural reforms to address corruption vulnerabilities and unlock Sri Lanka’s growth potential.