Sri Lanka to get US$2.9 bln IMF loan to overcome financial crisis
NEW DELHI: Sri Lanka has reached an initial agreement with the International Monetary Fund (IMF) to receive US$2.9 billion in funding to overcome its crippling financial crisis. The objectives of Sri Lanka’s new Extended Fund Facility (EFF)-supported 48-month programme are to restore macroeconomic stability and debt sustainability, the IMF said in a statement on Thursday. […]
