- Last Update 2025-09-26 20:03:00
IMF representatives to visit Sri Lanka for economic assessment
A team of representatives from the International Monetary Fund (IMF) team is to visit Sri Lanka next week for a critical assessment of the country's economic situation, Finance Ministry sources said.
A senior official of the ministry added that the mission aims to evaluate recent economic trends in the country and the progress achieved on economic reform programme endorsed by the IMF.
The IMF team’s visit is significant ahead of the second review under the 48-month Extended Fund Facility (EFF) arrangement which is expected to be completed by the end of the first half of 2024,
Sri Lanka has to enter into agreements with its official and private creditors before the second review of the Extended Fund Facility (EFF), IMF sources pointed out.
The agreements entered with creditors in-principle have to be converted into real agreements before the second review.
Sri Lanka has entered into in-principle debt restructuring deals with the Official Creditor Committee (OCC) led by France, China and India and also with Exim Bank of China.
However, Sri Lanka is yet to strike a deal with its commercial creditors or the bondholders. An initial proposal involving restructuring debt linked to GDP growth by the bondholders was rejected by the Sri Lankan authorities. (Bandula)
-
Still No Comments Posted.
- September 20, 2025 - 215 - 0
Heavy damages caused to shops in Pettah due to fire
Several shops were damaged in a major fire that broke out in a shop on the third floor of a building at First Cross Street in Pettah, Colombo, today evening.
- September 17, 2025 - 204 - 0
President says CEB employees would have to make a choice in next two months
President Anura Kumara Dissanayake today warned that Ceylon Electricity Board Employees would have to make a choice in the next two months.
- September 25, 2025 - 173 - 0
Nine Buddhist monks killed in accident at Na Uyana Monastery
The number of Buddhist monks who were killed following the accident at the Na Uyana Theravada Buddhist Monastery (Na Uyana Aranya Senansenaya) in Pansiyagama, Melsiripura, Kurunegala currently stands at nine , with four injured, Minister of Buddhasasana, Religious and Cultural Affairs Prof. Hiniduma Sunil Senevi told Parliament this morning. He revealed that two of the injured Buddhist monks are being treated at the Intensive Care Unit (ICU
- September 23, 2025 - 149 - 0
Opposition renews forensic audit demand after e-visa verdict
The opposition has renewed its demand for a long delayed forensic audit into the controversial e-visa deal, following the sentencing of former Controller General of Immigration, Harsha Ilukpitiya, for contempt of court.
- September 20, 2025 - 137 - 0
Your Sunday Times highlights for this week
Read this week’s Sunday Times for your interesting articles
Related Articles
CEA payments through GovPay from today
- 26/09/2025 - 24 - 0
New District Secretary of Batticalao assumed duties today
- 26/09/2025 - 29 - 0
Top stories of the day
- 25/09/2025 - 72 - 0
President calls for urgent attention on inequality and poverty
- 25/09/2025 - 125 - 0
Leave Comments