Sri Lanka, Oct. 9 -- The International Monetary Fund (IMF) staff and the Sri Lankan authorities have reached a staff-level agreement on the economic reforms required to complete the Fifth Review of Sri Lanka's Economic Reform Programme, supported by the IMF's Extended Fund Facility Programme

This preliminary agreement, once approved by the IMF's Executive Board, will unlock Sri Lanka's access to approximately US$347 million in financing.

The approval is contingent on parliamentary approval of the 2026 appropriation bill in line with programme parameters and the completion of financial assurance reviews to confirm multilateral partners' financial contributions and assess adequate progress with debt restructuring

Sri Lanka's economic ref...