SRI LANKA ECONOMIC CRISIS IMF MISSION

IMF Extended Fund Facility Mission in Sri Lanka

epa10629719 Krishna Srinivasan, International Monetary Fund (IMF) Director of the Asia and Pacific Department, speaks 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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