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IMF extends SL funding until 2020

The International Monetary Fund says it expectations are to extend the funding program with Sri Lanka till June 2020.

IMF Director at the Communications Department, Gerry Rice, said that the IMF Executive Board will meet next week to consider the appeal from Sri Lanka to complete the appraisal of the 5th review under the IMF program.

“On the matter of IMF help, we have a program there with Sri Lanka that is ongoing and indeed next week, our executive board will consider the request from the experts to complete the review of the 5th review under our program,” he said.

He also said that the IMF Executive Board will consider a request to prolong the program by one additional year which would mean until June 2020.

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