Sri Lanka, Oct. 5 -- Sri Lanka has reached a staff-level agreement with the International Monetary Fund (IMF) on the seventh review of its four-year Extended Fund Facility (EFF) programme, while also concluding discussions under the 2026 Article IV Consultation.

The agreement follows constructive discussions between IMF officials and the Sri Lankan authorities and remains subject to approval by the IMF Executive Board.

According to IMF Mission Chief for Sri Lanka Evan Papageorgiou, Sri Lanka could receive SDR 254 million (approximately US$345 million) once the Executive Board approves the review. This would bring total disbursements under the current IMF programme to SDR 2.032 billion, or around US$2.7 billion.

The IMF said Board appr...