Sri Lanka Evaluates New IMF Program for Economic Growth

The Government of Sri Lanka is evaluating a new financial arrangement with the International Monetary Fund to maintain long-term economic stability and investor confidence. Deputy Minister of Finance and Planning Anil Jayantha Fernando announced that a Cabinet-appointed committee will examine future engagement options and assess the adequacy of national reserves.

This move comes as the current 48-month Extended Fund Facility, valued at approximately 3 billion U.S. dollars, is scheduled to expire in March 2027. The government intends to shift its primary focus from restoring basic economic stability toward fostering stronger economic growth.

While the committee will submit recommendations to the Cabinet for a final decision, the government plans to continue collaborating with the IMF and other international institutions regardless of whether a formal program is established.