The Ceylon Chamber of Commerce yesterday welcomed the announcement of a staff-level agreement for the third review under the International Monetary Fund (IMF) Extended Fund Facility (EFF) programme for Sri Lanka. 
“This agreement underscores the progress the country has made in implementing structural reforms and achieving fiscal sustainability during this critical period of economic recovery,” it said in a statement.

While acknowledging the progress made, the CCC asserted it is important to continue the reform momentum and build on the progress made while unlocking key constraints that bind long term sustainable growth. 

The Chamber said it looks forward to the government meeting the requirement for the disbursement by the IMF Board.