Sri Lanka targets two IMF tranches in one go: Central bank Governor

Faced with the external shock of the US and Israel’s conflict with Iran, Sri Lanka has been looking forward to clenching two tranches together when the IMF team due here completes its mission, the island nation’s central bank Governor Nandalal Weerasinghe said on Wednesday.

An International Monetary Fund (IMF) team will arrive here on Thursday and remain until April 9 to conduct the combined fifth and sixth reviews of Sri Lanka’s reform programme supported by the global lender’s Extended Fund Facility (EFF).

The two tranches together are expected to release USD 700 million from the USD 2.9 billion bailout in 2023.

“Obviously, situation changes; if outlook is different, we have to discuss what changes are needed,” the governor said.