IMF to Provide Sri Lanka $350 Million After Fourth Review of Bailout

IMF to provide Sri Lanka $350 million after fourth review of bailout

The facility helped Sri Lanka revive its bankrupt economy by building its reserves and successfully negotiating debt restructuring with external creditors

IMF to Provide Sri Lanka USD 350 Million After Fourth Review of Bailout

Get latest articles and stories on World at LatestLY. The IMF has completed the fourth review of Sri Lanka's USD 2.9 billion bailout programme, allowing the country to draw a USD 350 million tranche from the four-year facility. World News | IMF to Provide Sri Lanka USD 350 Million After Fourth Review of Bailout.

IMF Executive Board Completes the Fourth Review Under the Extended Fund Facility with Sri Lanka | Central Bank of Sri Lanka

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…

Debt deals, austerity still rule Colombo – Asian News from UK

IMF approves $350 million t ranche as island nation sees early signs of recovery, but challenges persist amid ongoing reforms and rising public discontent….reports Asian Lite News The International Monetary Fund (IMF) has approved the disbursement of a fresh $350 million tranche to Sri Lanka following the successful completion of the fourth review of its four-year, $2.9 billion bailout programme. The approval comes as the crisis-hit island natio…

Sri Lanka to receive USD 350 million as IMF completes fourth review

THE INTERNATIONAL MONETARY FUND (IMF) has completed the fourth review of Sri Lanka’s USD 2.9 billion bailout programme, allowing the country to access the next tranche of USD 350 million from the four-year facility.The IMF had approved the nearly USD 3 billion bailout in March 2023 to support Sri Lanka’s efforts to restore macroeconomic stability, including fiscal and debt sustainability, during an unprecedented economic crisis.The programme has…

IMF approves Sri Lanka review for US$350mn

ECONOMYNEXT – The International Monetary Fund said its Executive Board has approved the fourth review under an Extended Fund Facility for Sri Lanka. The completion of the review allows Sri Lanka to draw down about 350 million US dollars (254 Special Drawing Rights) Evan Papageorgiou, IMF Mission Chief for Sri Lanka said in the statement. The latest review bring the total given to Sri Lanka under the program to 1.74 billion US dollars. Sri Lanka …