IMF unlocks $ 700 m, says fiscal response to shocks appropriate

In an expected yet major confidence boost, the Executive Board of the International Monetary Fund (IMF) yesterday approved the combined Fifth and Sixth Reviews under Sri Lanka’s four-year Extended Fund Facility (EFF) program, unlocking around $ 700 million in financing and marking another key milestone in the country’s post-crisis recovery program. ..

Read on WOBR AI →