Sri Lanka's new leftist government has agreed to press ahead with a controversial IMF bailout program that involves tough austerity and economic reforms, the international lender announced Saturday.
The International Monetary Fund said it reached an agreement with President Anura Kumara Dissanayake's administration to continue with the four-year loan negotiated by his predecessor last year.
"The authorities have committed to staying within the g…

WION

Noida

Uttar Pradesh

India

IMF approves third review of Sri Lanka's USD 2.9bn bailout

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Invesco

COLOMBO: The Inter­national Monetary Fund approved the third review of Sri Lanka’s $2.9 billion bailout on Saturday but warned that the South Asian economy remains vulnerable. In a statement, the IMF said it would release about $333m, bringing total funding to around $1.3bn, to the crisis-hit nation. It said signs of an economic recovery were emerging. The country still needs to complete a $12.5bn bon­dholder debt restructuring and a $10bn debt …

Dawn

Dawn Media Group

Pakistan

IMF okays review of  Sri Lanka’s $2.9bn bailout

IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the third review of Sri Lanka s economic reform program supported by the IMF s Extended Fund Facility (EFF). MORE..

Ada Derana

TV Derana

Sri Lanka

IMF reaches staff-level agreement on third review of Sri Lankas EFF

The International Monetary Fund (IMF) reached a staff level agreement with Sri Lankan authorities, paving the way for the next tranche, for US$ 333 million, of the four-year Extended Fund Facility (EFF). The IMF team led by Peter Breuer, Senior Mission Chief for Sri Lanka, visited Colombo from November 17 to November 23, 2024. After constructive discussions in Colombo, Mr. Breuer and Deputy Mission Chief Ms. Katsiaryna Svirydzenka issued the fol…

ONLANKA News - Sri Lanka News - Latest Breaking News from Sri Lanka

IMF approves third review: Sri Lanka secures $333 million tranche under EFF

AMN/ WEB DESK The International Monetary Fund (IMF) announced a staff-level agreement with Sri Lanka following the completion of its third review under the 2.9 billion USD financing programme. Addressing a media briefing, senior mission chief of IMF Peter Breuer stressed that continued reform momentum is essential for building a stable and inclusive future for Sri Lanka. He added that subsequent to approval from the IMF Executive Board for the t…

theindianawaaz.com

IMF and Sri Lanka Reach Staff-Level Agreement after third review of $2.9 bn financing program – The Indian Awaaz

IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the third review of Sri Lanka’s economic reform program supported by the IMF’s Extended Fund Facility (EFF). Once the review is approved by IMF Management and completed by the IMF Executive Board, Sri Lanka will have access to about US$333 million in financing. FULL TEXT Published Date: Saturday, November 23, 2024

IMF approves third review of Sri Lanka's USD 2.9bn bailout

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