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Sri Lanka’s four-pillar reform agenda

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COLOMBO (News 1st) – Sri Lanka reached a Staff-Level Agreement with the IMF on a four-year program supported by the Extended Fund Facility on 1st September 2022.

The program, amounting to USD 2.9 bn, is expected to restore macroeconomic stability and debt sustainability while protecting the vulnerable and safeguarding Sri Lanka’s financial system.

This agreement remains subject to IMF Executive Board approval.The IMF program has been centred around Sri Lanka’s ambitious reform program.

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