Sri Lanka hits a milestone! A staff-level agreement with the IMF brings us closer to unlocking $333 million under the Extended Fund Facility—pushing total assistance to $1.3 billion. The journey wasn’t easy, with hurdles in debt restructuring and elections delaying approval.

But here’s why the IMF believes in Sri Lanka’s progress:

📈 4% economic growth (YoY) by mid-2024

📉 Inflation cooled to 0.8% in Q3

💰 Reserves surged to $6.4 billion in October

The next steps?

Finalising the 2025 budget and locking in debt restructuring agreements. With focus and determination, Sri Lanka is on track for economic recovery and stability.