Sri Lanka receives first tranche of IMF bailout

 

The Ministry of Finance has received the first tranche of the Extended Fund Facility (EFF)  form the International Monetary Fund (IMF).

The Executive Board of the IMF approved the Extended Fund Facility (EFF) to Sri Lanka at its board meeting held on Monday (20 March).

The program will allow Sri Lanka to access financing of up to US$ 7 billion from the IMF, International Financial Institutions (IFIs) and multilateral organizations.