The United States has expressed its welcome and support for the positive outcome of the International Monetary Fund (IMF) Board's decision regarding the completion of the first Extended Fund Facility (EFF) review with Sri Lanka. This decision grants Sri Lanka access to approximately $337 million, providing crucial financial support for the nation's ongoing economic reforms and policies.

The announcement was made by the US Ambassador to Sri Lanka, Julie Chung, who underscored the importance of this milestone for Sri Lanka's economic progress. Ambassador Chung emphasized that this positive step emphasizes the continued significance of sustained reforms and improved governance for the country's advancement, all while prioritizing the welfare of the most vulnerable segments of the population.

Ambassador Chung stated, "This crucial step for Sri Lanka emphasizes the continued importance of sustained reforms & improved governance for the country’s progress, while safeguarding the most vulnerable." The acknowledgment of the importance of governance and reforms reflects the United States' commitment to supporting Sri Lanka's journey to economic stability and prosperity.

The financial support provided by the IMF is expected to contribute significantly to Sri Lanka's efforts in restoring macroeconomic stability, addressing debt sustainability, and implementing growth-oriented structural reforms. The positive news comes at a time when Sri Lanka faces economic challenges, and international support is viewed as instrumental in navigating these difficulties.

The United States, through Ambassador Chung's statement, affirmed its commitment to continue supporting Sri Lanka on its path to economic stability and prosperity.