INSUBCONTINENT EXCLUSIVE:
The International Monetary Fund (IMF) will evaluate Sri Lankas current tax revisions and a complete evaluation of these modifications will
be consisted of in the staff report, which will follow the Executive Boards approval of the Extended Fund Facility (EFF) program for Sri
Lanka, a representative said.On November 23, IMF staff and the Sri Lankan authorities reached Staff-Level Agreement on the Third Review
under the EFF plan and once the evaluation is finished or approved by the IMF Executive Board, Sri Lanka will have access to $333
million.With respect to what follows, the Executive Board conference is anticipated to take place in the coming months following the
application by the authorities of the prior actions, IMF spokesperson Julie Kozack stated on Thursday reacting to questions throughout a
press briefing.With regard to the tax revision procedures that were announced, she said the personnel will consist of a complete assessment
of these procedures in the staff report that will be released following approval by the Executive Board of the program.
