COLOMBO (News 1st); The negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) are progressing positively, said Sri Lanka's Acting Finance Minister Shehan Semasinghe.

He added that the government’s economic reform efforts are currently under evaluation by the IMF.

Furthermore, Minister Semasinghe noted that discussions to finalize the staff level agreement required for receiving the second tranche of the bailout package is expected to take place after President Ranil Wickremesinghe’s official visit to Germany.

Minister Semasinghe made these statements during a press conference held at the Presidential Media Centre.

He said that the IMF team has provided a positive review of Sri Lanka’s current financial situation. “We believe that, after reaching a staff level agreement, future work will proceed robustly.”

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