Tuesday 30th of May 2023

English Tamil

This is how the IMF is releasing the loan

2023-03-21 8061


The first installment is $333 million


The International Monetary Fund pointed out that the loan, which has been approved to support the economic policies and reforms implemented by Sri Lanka, is to be released in 8 installments within a period of 4 years and an amount of US$ 333 million will be released immediately as the first installment.

The International Monetary Fund also stated that the objective of the program under the Extended Fund Facility is to restore macroeconomic stability and credit sustainability in Sri Lanka.

The International Monetary Fund further emphasizes that a close cooperation between Sri Lanka and Sri Lanka's creditors to accelerate debt restructuring in accordance with the International Monetary Fund's program is required.