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Sri Lanka has reached a staff-level agreement with the IMF that could unlock about $345 million in new funding after further review.
Mariyam Adheela
Evan Papageorgiou, the IMF's mission chief for Sri Lanka -- Photo: Tamil Guardian
Colombo: Sri Lanka has reached an agreement with the International Monetary Fund that could provide about $345 million under its ongoing economic reform programme.
The agreement covers the seventh review of Sri Lanka’s IMF programme. The funding still needs approval from the IMF Executive Board.
Approval will depend on Sri Lanka presenting its 2027 budget in line with the programme. The IMF will also review progress on debt restructuring and financing commitments.
The IMF said Sri Lanka’s economy grew by 4.2 percent in the second quarter of 2026.
Official foreign reserves reached $6.9 billion by the end of August. The IMF said debt restructuring is also largely complete.
The IMF warned that the Middle East conflict and global trade uncertainty could create new economic risks. It also urged Sri Lanka to keep fuel prices linked to international prices while protecting vulnerable groups.
If approved, the new funding would bring total IMF payments under the current programme to about $2.7 billion.
