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The Socio-Economic Situation in Sri Lanka: Current Challenges and Strategies for a SelfSufficient Future, as I perceive it as an ordinary citizen. – By Dr Harold Gunatillake IMF Executive Board Completes the Third Review Under the Extended Fund Facility Arrangement with Sri Lanka The IMF Executive Board completed the Third Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US $334 million) to support Sri Lanka’s economic policies and reforms. This is the fourth tranche Sri Lanka receives under the IMF- EFF, and the total IMF financial support disbursed so far has increased to SDR 1.02 billion (about US$1.34 billion). Introduction Understanding Sri Lanka’s socio-economic landscape is crucial. Despite being a small island, its strategic location has drawn traders and invaders. Once a British colony for 155 years, Sri Lanka gained independence in 1948. However, post-independence self- rule ...