IMF reaches staff-level deal with Sri Lanka for $345 million in financing
ET Online Last Updated: Oct 05, 2026, 09:37:00 AM IST
Synopsis
The International Monetary Fund has agreed to a $345 million financing deal with Sri Lanka. This deal is contingent upon the upcoming 2027 budget being compliant with the programme’s terms. Sri Lanka aims to restructure its debt as part of its ongoing economic recovery. Global trade conditions and energy prices remain significant concerns for the nation’s economic stability.
AP The International Monetary Fund has agreed to a $345 million financing deal with Sri Lanka. The International Monetary Fund has reached a staff-level agreement with Sri Lanka on the seventh review of its Extended Fund Facility, paving the way for financing of about $345 million as the island nation continues its recovery from its worst economic crisis in decades.
The agreement is subject to approval by the IMF’s executive board. It also hinges on Sri Lanka’s 2027 budget, which is due to be presented in parliament next month, being in line with the terms of the programme, as well as the completion of a review of financing assurances.
Also Read: IMF reaches staff-level agreement on fourth review under extended fund facility with Sri Lanka
The IMF said the financing assurances review will confirm contributions from multilateral partners and assess whether progress on Sri Lanka’s debt restructuring is sufficient.
Once the rev
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