In a development of economic significance, a team from the International Monetary Fund (IMF) is expected to visit Sri Lanka next week to engage in extensive discussions regarding the release of the second tranche of the Extended Fund Facility (EFF) for the nation.

The visit comes as Sri Lanka grapples with economic challenges and mounting debt obligations. The discussions during this visit will revolve around the disbursement of the second tranche of the IMF loan, which has faced delays primarily due to Sri Lanka's inability to meet commitments previously agreed upon with the IMF.

The second tranche of the EFF holds substantial importance for Sri Lanka's fiscal stability, as it provides much-needed financial support. This visit by the IMF team is anticipated to serve as a platform for addressing critical economic issues, ensuring that the nation can fulfill its obligations and receive the necessary funds.

Officials involved in these negotiations are hoping to reach a final decision on the matter by the end of next week. The outcome of these discussions will be closely watched, as it will have significant implications for Sri Lanka's economic outlook and its ability to manage its financial obligations.