The International Monetary Fund (IMF) staff team had very productive discussions with the Sri Lankan authorities on economic performance and policies underpinning the Fourth Review under the IMF Extended Fund Facility (EFF) arrangement.

Global uncertainty remains elevated and is contributing to financial market volatility. The government remains committed to program objectives and implementation is strong and commendable, but more time is needed to assess the implications for Sri Lanka of the external shock. 

Discussions will continue toward reaching agreement in the near term on parameters and policies that will maintain the reform momentum under the program during this period of increased global uncertainty.

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