The Government of Sri Lanka has successfully negotiated a $50 million policy-based loan from the OPEC Fund for International Development to support its Comprehensive Reform Agenda under the Extended Fund Facility (EFF) with the International Monetary Fund (IMF).
Cabinet Spokesman Dr. Nalinda Jayatissa announced the agreement today (10), confirming that the loan aligns with the IMF’s EFF program parameters.
The proposal, submitted by President Ranil Wickremesinghe in his role as Minister of Finance, Planning, and Economic Development, to formalize the loan agreement has received Cabinet approval.
This funding is expected to bolster Sri Lanka’s reform initiatives aimed at economic stabilization and recovery.
