Tuesday Mar 31, 2026
Tuesday, 31 March 2026 06:26 - - {{hitsCtrl.values.hits}}
|
Sri Lanka Mission Chief Evan Papageorgiou
|
An International Monetary Fund (IMF) team is in town, led by Sri Lanka Mission Chief Evan Papageorgiou, for the Fifth and Sixth Reviews under the Extended Fund Facility (EFF) program, which could potentially release around $ 700 million once completed.
The team will be in Sri Lanka till 9 April and will hold a series of extensive discussions including with President Anura Kumara Dissanayake, Ministers, Opposition MPs, Senior Government, the Central Bank of Sri Lanka (CBSL), and banking sector officials.
The team will also travel out of the Western Province and interact with local Government officials and communities to gauge how the gains made under the IMF EFF program were felt on the ground, an exercise that was carried out last year when the team visited Nuwara Eliya.
Social protection and improving economic conditions of the country’s citizens is one of five main pillars of the ongoing EFF program, which comes to an end in March 2027. The other pillars are fiscal sustainability, debt sustainability, price stability and financial system stability.
Sri Lanka has made remarkable progress under the EFF program, dampened by Cyclone Ditwah and the ongoing Middle East war.