Today marks the commencement of the second review of Sri Lanka's International Monetary Fund program. A delegation of IMF officials is set to arrive in Sri Lanka to evaluate the nation's advancement under the program.

The purpose of the visit is to facilitate the release of the third loan installment from the IMF, contingent upon Sri Lanka's progress. Scheduled meetings include discussions with President Ranil Wickremesinghe, as well as representatives from the Ministry of Finance and the Central Bank.

State Minister for Finance, Shehan Semasinghe, expressed optimism regarding the review, emphasizing its significance in a post on social media platform X (formerly known as Twitter). "The opening meeting with the President today marks a vital step in this process," he stated.

The ultimate goal of the review is to gauge Sri Lanka's adherence to the IMF program's objectives. A favorable assessment could lead to a staff-level agreement, unlocking the next tranche of financial assistance from the IMF.

Minister Semasinghe highlighted the potential impact of the disbursement, citing its role in bolstering economic growth and bolstering confidence in Sri Lanka's financial stability