Sri Lanka’s IMF Deal Shows Promise, Challenges Remain in prior actions - LNW Lanka News Web

Sri Lanka’s Debt Restructuring: A Sustainable Shift or Statistical Sleight?

IMF says when Sri Lanka’s Debt is LKR 17.6 trillion, it is “unsustainable’. But when Sri Lanka’s Debt rises by 65% to LKR 28.7 trillion, the IMF says it is “sustainable”! Sri Lanka’s journey from the brink of economic collapse to a narrative of debt sustainability within three years has sparked both admiration and skepticism. According to data sourced from the Central Bank of Sri Lanka, the country’s total debt rose from LKR 17.6 trillion ...

Sri Lanka’s IMF Deal Shows Promise, Challenges Remain in prior actions - LNW Lanka News Web

By: Staff Writer May 02, Colombo (LNW): In April 2025, Sri Lanka reached a crucial staff-level agreement with the International Monetary Fund (IMF) for the Fourth Review of its Extended Fund Facility (EFF) program. If approved by the IMF Executive Board, the agreement will release around US$344 million in financial support, adding to the US$1.72 billion already disbursed under the program since its inception in March 2023 Mission Chief Evan Papa…