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Message: <blockquote data-quote="monson" data-source="post: 30276108" data-attributes="member: 30005">දෙවෙනි එක  හම්බුනා June. දැන් මෝඩ ජෙප්පන්ගේ වාරේ <img src="/styles/default/xenforo/smilies/default/lol.gif"  class="smilie" loading="lazy" alt=":lol:" title="LOL    :lol:" data-shortname=":lol:" /><h2><a href="https://www.cbsl.gov.lk/en/news/imf-executive-board-concludes-2024-article-iv-consultation-with-sri-lanka-and-completes-the-second-review-under-the-eff" target="_blank">IMF Executive Board Concludes 2024 Article IV Consultation with Sri Lanka and Completes the Second Review Under the Extended Fund Facility</a></h2>The IMF Executive Board completed the 2024 Article IV Consultation and Second Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US $336 million) to support its economic policies and reforms.Performance under the program has been strong. All quantitative targets for end-December 2023 were met, except the indicative target on social spending. Most structural benchmarks due by end-April 2024 were either met or implemented with delay. Nevertheless, the economy is still vulnerable and the path to debt sustainability remains knife-edged. Sustaining the reform momentum and efforts to restructure debt are critical to put the economy on a path towards lasting recovery and debt sustainability.The Article IV Consultation focused on wide-ranging reforms to restore macroeconomic stability and debt sustainability, maintain price stability, safeguard financial stability, rebuild external buffers, and implement growth-oriented structural reforms, including by strengthening governance.<a href="https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20240613_IMF_concludes_consultation_with_sri_lanka_e.pdf" target="_blank">FULL TEXT</a><h3>Published Date:</h3>Thursday, June 13, 2024- <a href="https://www.cbsl.gov.lk/en/news/imf-executive-board-concludes-2024-article-iv-consultation-with-sri-lanka-and-completes-the-second-review-under-the-eff" target="_blank">https://www.cbsl.gov.lk/en/news/imf-executive-board-concludes-2024-article-iv-consultation-with-sri-lanka-and-completes-the-second-review-under-the-eff</a></blockquote>

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