The International Monetary Fund (IMF) Executive Board is set to consider Sri Lanka’s Fifth and Sixth Reviews under the Extended Fund Facility on May 27.

IMF Mission Chief Evan Papageorgiou said Sri Lanka has made progress in restoring macroeconomic stability and rebuilding reserves.

He noted that global developments are creating renewed external pressures on the economy.

The IMF said maintaining consistent policies will be key as Sri Lanka continues its reform programme.