The International Monetary Fund has informed the Sri Lankan government that it must meet a revenue target of Rs 900 billion and increase investment before the fifth tranche under the Extended Fund Facility (EFF) is released, it has been revealed.
As risks to the economy remain, sustaining the reform agenda is crucial to sustaining the economic recovery over the long term and putting it on a path towards debt sustainability, said Kenji Okamura, Deputy Managing Director of the International Monetary Fund. He added that there is no room for policy mistakes.