The United States has welcomed the positive developments from the International Monetary Fund (IMF) Board regarding the completion of the first Extended Fund Facility (EFF) review with Sri Lanka. This landmark decision provides Sri Lanka with access to approximately $337 million, earmarked to bolster the country’s economic reforms and policies.
In a tweet, US Ambassador Julie Chung underscored the significance of this crucial step for Sri Lanka, emphasizing the continued importance of sustained reforms and improved governance for the nation’s progress. Ambassador Chung stated, “This is a testament to the dedication of Sri Lanka in pursuing economic stability and implementing essential reforms. It reflects the commitment to safeguarding the most vulnerable in society.”
Highlighting the broader perspective, Ambassador Chung expressed the United States’ unwavering support for Sri Lanka’s path to economic stability and prosperity. The infusion of funds from the IMF is expected to play a pivotal role in supporting the country’s ongoing efforts to implement necessary reforms, fostering a more resilient and robust economic framework.
The United States remains committed to collaborating with Sri Lanka on its journey towards sustainable economic development, recognizing the importance of such international partnerships in promoting global economic stability. The positive news from the IMF Board signals a significant milestone in Sri Lanka’s economic trajectory, and the United States looks forward to witnessing continued progress and success in the region.
(LankaXpress.com)
