IMF mission team led by Mr. Rahul Anand visited Dhaka during October 4–19, 2023 to discuss economic and financial policies in the context of the first review of the IMF’s Extended Credit Facility (ECF), Extended Fund Facility (EFF), Resilience and Sustainability Facility (RSF) and the 2023 Article IV consultation.

“The IMF team reached a staff-level agreement with the Sri Lankan authorities on the first review under an economic reform program supported by a 48-month Extended Fund Facility (EFF) arrangement. The arrangement was approved by the IMF Executive Board for a total amount of SDR 2.3 billion (about US$3 billion) on March 20, 2023.

Working Paper No. 2023/218

Working Paper No. 2023/217

In a ceremony held in Marrakesh on 14 October, Vice-President Ricardo Mourinho Félix, of the European Investment Bank (EIB), and Ayhan Kose, Deputy Chief Economist of the World Bank and Director of the Prospects Group, signed a memorandum of understanding, marking the EIB's official entry into the Development Data Partnership. 

The EIB and Hungary’s Development Bank MFB signed a €100 million financing agreement to support energy efficiency investments and renewable energy projects. The operation highlights EIB's commitment to support climate change mitigation and adaptation, as well as the energy security objectives of the European Union.