IMF Fifth Review of Sri Lanka set for Fall 2025

Friday, 25 July 2025 05:49 - - {{hitsCtrl.values.hits}}

Communications Director Julie Kozack says Fifth Review will assess macroeconomic conditions, reform progress, any impacts from emerging global risks

IMF Communications Director Julie Kozack

International Monetary Fund (IMF) Communications Director Julie Kozack yesterday confirmed that the Fifth Review of Sri Lanka’s Extended Fund Facility (EFF) program is scheduled to take place in the fall of 2025.

She made these remarks responding to a question posed during a media briefing yesterday. The 2025 IMF/World Bank Annual Meetings is scheduled to be held in Washington, D.C. from 13-18 October.

This follows the successful completion of the fourth review on 1 July 1, which secured SDR 254 million (about $ 350 million), bringing the total IMF financial support disbursed under the arrangement to SDR 1.27 billion (about $ 1.74 billion).

Kozack commended Sri Lanka’s progress under the program, noting that the country’s “ambitious reform agenda continues to deliver commendable outcomes.”

“Overall, program performance has been strong and the Government remains committed to achieving its reform objectives,” she said.

However, Kozack cautioned that there are external risks, particularly related to global trade tensions and policy uncertainty, that could impact Sri Lanka.

She said the IMF will take these into account during the fifth review, which is expected to take place in the fall.

“The team will make an overall assessment of Sri Lanka’s economy, including any implications from trade tensions or uncertainty,” she added.

The EFF arrangement for Sri Lanka was approved by the Executive Board on 20 March 2023 in an amount of SDR 2.286 billion (395% of quota or about $ 3 billion).