Passed, but high-risk: what the IMF's 5th and 6th Review actually says
Sri Lanka, May 29 -- The IMF's Executive Board signed off on Sri Lanka's combined Fifth and Sixth Reviews under the Extended Fund Facility on May 28, unlocking another SDR 508 million, roughly US$695 million, and bringing total purchases under the four-year programme to about US$2.4 billion. By the conventional measure of an IMF review, this is a pass. The prior actions on restoring cost-recovery electricity and fuel pricing were met. All end-of-December 2025 quantitative performance criteria were observed. Most of the 22 structural benchmarks due by the end of February were either met or implemented with a delay. The Fund's headline message is that performance has been "generally strong." But buried inside the 143-page Country Report No....
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