IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the third review of Sri Lanka’s economic reform program supported by the IMF’s Extended Fun

The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned that the South Asian economy remains vulnerable. In a statement, the global lender said it would release about $333 million,

The International Monetary Fund will have close discussions with Sri Lanka on the budget for 2025, Senior Mission Chief Peter Breuer said after striking a staff level agreement on the next phase of the program.

COLOMBO, Nov. 24 (Xinhua) -- The International Monetary Fund (IMF) staff and the Sri Lankan government have reached a staff-level agreement on economic policies to conclude the third review of Sri Lanka's economic reform program supported by the IMF's Extended Fund Facility (EFF), the IMF said in a press release on Saturday.

Anura Kumara Dissanayake, who heads the National People's Power (NPP), affirmed his administration's commitment to continue the IMF bailout programme initiated by the previous government.

Sri Lanka expects the IMF to announce a staff level agreement on its third review of the country's bailout programme on Friday, President Anura Kumara Dissanayake told the first sitting of the new parliament.

The IMF approved Sri Lanka's bailout review, releasing $333 million, but emphasized the need for debt restructuring with bondholders and bilateral creditors. The bailout stabilized the crisis-hit economy,

The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned that the South Asian economy remains vulnerable.