Nation Lanka Finance PLC (NLFP), a Licensed Finance Company under the Finance Business Act, No. 42 of 2011 (FBA), has continuously been violating/contravening the provisions of the FBA and several Directions and Rules issued thereunder. Further, the financial condition of NLFP, is not satisfactory due to deficient capital level, poor asset quality, continuous losses and failure in repaying depositors’ money on demand or at maturity, etc. 

The IMF Executive Board completed the Fourth Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US$350 million) to support Sri Lanka’s economic policies and reforms. This is the fifth tranche Sri Lanka receives under the IMF-EFF and the total IMF financial support disbursed so far, accordingly, increases to SDR 1.27 billion (about US$1.74 billion). The IMF issued the following press release on 03 July 2025, which can be accessed from the link below.