The International Monetary Fund (IMF) has acknowledged Sri Lanka s continued progress under its economic reform program, with the country now nearing access to the next tranche of IMF funding worth approximately USD 344 million.
Performance under the program remains strong overall, and the government remains committed to program objectives," Kozack stated. However, she emphasized that the release of funds is pending approval by the IMF's Executive Board, which is subject to the completion of agreed prior actions."Completion of the review is pending approval of the IMF's Executive Board, and it is contingent on the completion of prior…
Summarised from Ada Derana
People- Julie Kozack2
- Gita Gopinath
Organisations- International Monetary Fund2
- Public Utilities Commission
- IMF Executive Board
Places- Sri Lanka2
- Sri Lanka:•
- Colombo
Keywords- tariff2
- hike2
- electricity
- highlights
- welcomes
- bailout
- nearing
- reforms
- tranche
- pushes
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
Share this story
Send the whole picture, not one version of it.
2 newsrooms have reported this story
Full coverage