The Executive Board of the International Monetary Fund (IMF) is set to meet on 28 February 2025 to review and approve the third assessment of Sri Lanka’s Extended Fund Facility (EFF) programme. If approved, Sri Lanka will gain access to approximately USD 333 million in financing.
A staff-level agreement on the third review was reached between the IMF and Sri Lankan authorities on 23 November 2024. However, the IMF has stressed that approval remains contingent on the implementation of prior actions, including the submission of the 2025 Budget in line with the programme’s parameters.
During the IMF’s weekly press briefing on 6 February, Spokesperson Julie Kozack highlighted Sri Lanka’s economic progress, noting a 5.5% growth in the fourth quarter of 2024, controlled inflation levels, and an increase in international reserves to USD 6.1 billion by the end of 2024.
The upcoming IMF review follows President Anura Kumara Dissanayake’s presentation of his first full Budget to Parliament on 17 February, marking Sri Lanka’s 79th Budget Speech since independence.
