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IMF approves third tranche of Sri Lanka bailout after second review

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The Executive Board of the International Monetary Fund (IMF) completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million).

This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the 2024 Article IV Consultation with Sri Lanka, the Washington-based lender said in a statement.

The post IMF approves third tranche of Sri Lanka bailout after second review appeared first on DailyNews.

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