Colombo, Sri Lanka – Sri Lanka will face a delay of approximately two and a half months in receiving the next loan tranche from the International Monetary Fund (IMF), according to Professor Anil Jayantha, Minister of Labour and Deputy Minister of Economic Development.
The fourth tranche, valued at around US $330 million, is now expected in April 2025, later than initially anticipated. While a staff-level agreement has been reached, the IMF Executive Board is reviewing Sri Lanka’s proposed 2025 national budget, which was recently presented to Parliament. The budget’s alignment with IMF-supported reforms is reportedly a factor in the delay.
Professor Jayantha emphasized that the IMF’s decision is part of its due diligence process to ensure compliance with agreed-upon fiscal and structural reforms. The review reflects the Fund's commitment to Sri Lanka’s economic recovery and long-term stability.
Sri Lanka's government remains optimistic that the tranche will be disbursed after meeting the necessary requirements. This funding is critical for bolstering foreign reserves and supporting economic reforms aimed at improving fiscal discipline and promoting sustainable growth.
The delay highlights the importance of the upcoming budget discussions and the need for transparent, reform-oriented policies to secure international financial assistance.
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