IMF Bailout for Sri Lanka Unchanged Despite Cyclone Ditwah Devastation

• The IMF confirmed its Extended Fund Facility (EFF) for Sri Lanka will continue without changes, despite the economic impact of Cyclone Ditwah.
• IMF representatives met President Anura Kumara Dissanayake, acknowledging Sri Lanka's economic progress despite the disaster.
• Discussions for the sixth tranche release, approximately USD 330 million from the USD 2.9 billion bailout, will resume in March.
• Sri Lanka sought an additional USD 200 million outside the EFF for disaster aid, delaying the fifth tranche release.
• The Dissanayake government's fiscal discipline and a LKR 500 billion supplementary estimate for recovery were commended by the IMF.

Why It Matters: IMF's bailout for Sri Lanka remains on track, commending the government's fiscal management despite Cyclone Ditwah.