The International Monetary Fund (IMF) will kick off the second review under the Extended Fund Facility (EFF) programme today.
According to Finance State Minister Shehan Semasinghe, the outcome of the review will be largely positive.
“Nobody should doubt the release of the third tranche. The second review is going to be better than the first. We are confident about that. Sri Lanka has achieved much of the progress required and fulfilled majority of the requirements listed by the IMF. So, we are good,” Semasinghe told Mirror Business.
While Sri Lanka has not yet sealed the memoranda of understanding with the official creditors and in-principle agreements with the bondholders, Semasinghe said it is not a major concern as of now, since the government is confident in both being finalised soon.
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