Sri Lanka, April 9 -- Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on the country's economic policies, marking the conclusion of the combined Fifth and Sixth Reviews under the IMF's Extended Fund Facility (EFF).Beaches & Islands

Once approved by the IMF Executive Board, the agreement will allow Sri Lanka to access around US$700 million in financial support.

The IMF highlighted that the government's ongoing reforms have strengthened the economy, with foreign reserves rising and both real GDP growth and revenue collection exceeding expectations.

Despite this progress, Sri Lanka remains vulnerable to external shocks, including the ongoing Middle East conflict, and continues to recover from the i...