International Monetary Fund Communications Director Julie Kozack stated that the IMF Executive Board is expected to meet in the coming weeks to consider approval of the staff-level agreement reached regarding the 5th and 6th reviews of Sri Lanka\u2019s Extended Fund Facility (EFF) program.<\/p>\n
She made these remarks while responding to a question raised by a journalist regarding Sri Lanka during the IMF\u2019s monthly press briefing held in Washington, D.C. yesterday (Thursday).<\/p>\n
Julie Kozack stated that IMF officials and Sri Lankan authorities reached a staff-level agreement on April 9 regarding the 5th and 6th reviews of the Extended Fund Facility program.<\/p>\n
However, she noted that the agreement still requires approval from the IMF Executive Board, and the relevant meeting is expected to take place in the coming weeks.<\/p>\n
She further explained that several conditions must be fulfilled before receiving final Board approval.<\/p>\n
In particular, Sri Lanka must continue implementing cost-recovery pricing mechanisms for electricity tariffs and fuel pricing, while also ensuring protection for vulnerable and low-income communities affected by economic reforms.<\/p>\n
Additionally, she stated that the financial assurance review process must also be completed before final approval is granted.<\/p>\n","protected":false},"excerpt":{"rendered":"
International Monetary Fund Communications Director Julie Kozack stated that the IMF Executive Board is expected to meet in the coming weeks to consider approval of the staff-level agreement reached regarding the 5th and 6th reviews of Sri Lanka\u2019s Extended Fund Facility (EFF) program. She made these remarks while responding to a question raised by a …<\/p>\n","protected":false},"author":1,"featured_media":1310,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local"],"_links":{"self":[{"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/posts\/1309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/comments?post=1309"}],"version-history":[{"count":1,"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/posts\/1309\/revisions"}],"predecessor-version":[{"id":1311,"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/posts\/1309\/revisions\/1311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/media\/1310"}],"wp:attachment":[{"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/media?parent=1309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/categories?post=1309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tamilmail.lk\/english\/wp-json\/wp\/v2\/tags?post=1309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}