IMF Executive Board to Decide On Sri Lanka’s Combined Reviews On May 27

COLOMBO (News 1st); The International Monetary Fund has set 27 May 2026 for its Executive Board to decide on the Fifth and Sixth reviews of Sri Lanka’s Extended Fund Facility (EFF) programme, a move that could unlock roughly USD 700 million in much‑needed financing.

If the Board approves both reviews, Sri Lanka will become eligible to draw the sixth and seventh tranches under the IMF arrangement.

Julie Kozack, Director of the IMF Communications Department recently said that several prior actions had to be completed before the programme could be presented to the Board. These included restoring cost-recovery pricing for electricity and fuel, while also ensuring protection for vulnerable groups, as well as completing the financing assurances review.