IMF staff and Sri Lankan authorities reached a staff-level agreement on the Fifth Review under the 4-year Extended Fund Facility (EFF) arrangement, which was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March 20, 2023. Senior Economic Advisor to the President, Duminda Hulangamuwa, emphasized that President Anura Kumara Dissanayake has identified four key priority areas for the country’s development: tourism, IT/BPO industry, shipping & logistics, and rural agriculture.