Dr. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka (CBSL), has announced significant progress in the International Monetary Fund (IMF) Extended Fund Facility (EFF) program. Dr. Weerasinghe stated that the country is on track, and the release of the second tranche of the fund facility is anticipated in December.

The development comes in the wake of Sri Lanka's recent progress on external debt restructuring. 

The IMF EFF program, which Sri Lanka entered into earlier to address economic challenges and enhance financial stability, has been closely monitored by economic analysts and policymakers alike. Dr. Weerasinghe's announcement reflects the country's commitment to implementing necessary reforms and measures outlined in the program.

The second tranche of the IMF fund is expected to provide a crucial injection of financial support, aiding Sri Lanka in managing its external payments and stabilizing its economic fundamentals. The funds are earmarked to support a range of initiatives, including fiscal consolidation, structural reforms, and measures to address macroeconomic imbalances.