The IMF is reviewing the recent tax reform announcements made by the President of Sri Lanka and plans to provide a detailed assessment in its staff report following approval by the Executive Board of the Extended Fund Facility (EFF).

Speaking at a press conference on Thursday (19), Julie Kozak, director of the IMF’s communications department, said a full assessment of these measures was not yet available, but would be detailed in a future report.

Kozack said that Sri Lanka reached a staff-level agreement on November 23 for the EFF’s third review. The Executive Board is expected to review the program in the coming months, subject to the completion of pre-actions by the Sri Lankan authorities. The approval will unlock $333 million for the country