Page 19 - Uditha Jayasinghe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sri Lanka and the International Monetary Fund (IMF) have reached an agreement on the first review of its extended fund facility arrangement, unlocking approximately $330 million for the country. Sri Lanka has been negotiating with creditors including China, Japan, and India since last September, alongside a $2.9 billion IMF bailout. The agreement is subject to approval by the IMF's management and executive board.

NEW DELHI (Reuters) -The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday. Sri Lanka plunged into its worst financial crisis in seven decades last year after its foreign exchange reserves dwindled to record lows, but since locking down a $2.9 billion IMF programme in March it has managed to partly stabilise its economy, reducing runway inflation and rebuilding reserves. However, the country has struggled to ...

Sri Lanka and the International Monetary Fund on Thursday reached an agreement on a first review of its extended fund facility arrangement, the first step in releasing about $330 million dollars for... -October 19, 2023 at 03:40 pm EDT - MarketScreener

South Asia News: Sri Lankan President Ranil Wickremesinghe will visit China next week to discuss debt restructuring talks with the country's biggest lender. Wickremesi

Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told... -October 13, 2023 at 03:41 am EDT - MarketScreener