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Sri Lanka Eyes $700 Million IMF Boost amid Reform Pressure - LNW Lanka News Web
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Sri Lanka Eyes $700 Million IMF Boost amid Reform Pressure - LNW Lanka News Web
Sri Lanka is edging closer to unlocking approximately $700 million in fresh financing under its ongoing agreement with the International Monetary Fund, following a staff-level understanding on the fifth and sixth reviews of its $3 billion Extended Fund Facility. While the development signals renewed international confidence, the funding remains conditional on the Government’s ability to deliver politically sensitive reforms. At the centre of the…
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