IMF approval paves way for stronger policies, sustainable growth: Semasinghe

The approval of the IMF’s second review for Sri Lanka will pave the way for stronger policies and sustainable growth, said State Minister of Finance Shehan Semasinghe. 

“We wish to express our gratitude to the IMF Board Members, IMF Management and Mission Team for the unwavering and dedicated support extended to Sri Lanka for the approval of the second review. 

"This signifies the continued commitment to our economic recovery and growth which is critical in reinforcing economic stability and resilience," he said on X. 

Semasinghe extended gratitude to the Official Creditor Committee co-chaired by India, Japan and France and China for the support. 

The approval will unlock the 3rd tranche of USD 336 million. 

The state minister is set to address the media today regarding the IMF approval. President Ranil Wickremesinghe is also scheduled to make a statement in this regard.  

While the official statement from IMF on the second review approval came in the early hours of today (13), Foreign Affairs Minister Ali Sabry shared the update on social media platform X late last evening, before the Finance Ministry made the formal announcement, which is scheduled for this morning.