The International Monetary Fund (IMF) is helping developing countries that the Covid-19 pandemic has inconvenienced. As a result, The International Monetary Fund (IMF) has approved a 48-month Extended Fund Facility(EFF) of about 3 billion USD to support Sri Lanka’s Covid-19 post-pandemic era. This IMF’s support impacts SriLanka’s economy, both directly and indirectly. Therefore, this research critically evaluates the role of the IMF in restoring the financial stability of Sri Lanka in the post-pandemic era. It has been examined here how the Covid-19pandemic affects developing countries like Sri Lanka and why these countries need IMF support. Therefore, this research aimed to find the positive and negative effects of IMF support on Sri Lanka’s economy in the post-pandemicera. As the significance of the research, it provides a lot of important information regarding the policy formulation of the governments and the way of conducting transactions with the IMF. Because IMF support is needed to help SriLanka address its economic crisis in the post-pandemic era. Looking at the methodology, this research is a mixed method of mixing qualitative and quantitative data and content analysis carried out using secondary data. Regarding the main findings, the study found the impact of the structural changes made by the IMF on this country. Due to structural change, political stability has been lost, and economic stability has been created in Sri Lanka. The reason was that Sri Lanka got rid of the consumption economy and turned into a capital economy. There are several other solutions that Sri Lanka could consider for restoring its financial stability instead of an IMF loan. These include debt restructuring, asset sales, diaspora bonds, tourism promotion, export promotion, domestic revenue mobilization, public expenditure reforms, etc. It is important to note that these solutions have their challenges and risks. Debt restructuring can be complex and time-consuming, and asset sales can be controversial. Diaspora bonds may not be enough to raise the money Sri Lanka needs, and tourism promotion and export promotion may take time to produce results. Domestic revenue mobilization and public expenditure reforms can be challenging to implement, especially in an economic crisis. It is also important to note that Sri Lanka is unlikely to be able to fully recover from its economic crisis without the support of the international community. Some argue that the IMF’s conditions are too harsh and will only worsenthe situation for the poor and vulnerable, that there are better ways to solve Sri Lanka’s problems than the IMF, and that the government should focus on domestic reforms. Despite the criticism, the study concludes that IMF support isa necessary step to restoring the financial stability of Sri Lanka in the post-pandemic era.