SRI LANKA ECONOMIC CRISIS IMF MISSION

IMF Extended Fund Facility Mission in Sri Lanka

epa10629717 Krishna Srinivasan (R), International Monetary Fund (IMF) Director of the Asia and Pacific Department, speaks next to Peter Breuer (L), IMF Mission Senior Chief for Sri Lanka, during a media briefing at the Central Bank of Sri Lanka in Colombo, Sri Lanka, 15 May 2023. Krishna said Sri Lanka is in a severe crisis as a result of previous policy mistakes and back-to-back economic shocks. On 20 March, the executive board of the International Monetary Fund (IMF) approved a three-billion-dollar Extended Fund Facility (EFF) to support Sri Lanka's economic policies and reforms. Sri Lanka is experiencing its worst economic crisis in over seven decades as a result of a lack of foreign reserves. EPA/CHAMILA KARUNARATHNE

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