Sri Lanka will get the second tranche of a much-need bailout package from the IMF
- The International Monetary Fund approved the release of the second tranche of a $2.9 billion bailout package to help Sri Lanka recover from its worst economic crisis.
- Sri Lanka has reached debt restructuring agreements with China's EXIM Bank and an Official Creditor Committee, covering a total of $9.1 billion in outstanding debt.
- Sri Lanka's economy is projected to continue negative growth in 2023 but could grow by 1.8% in 2024, putting its debt on a path towards sustainability.
27 Articles
27 Articles
IMF resumes Sri Lanka bailout after China's debt deal
WASHINGTON, United States -The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender. The IMF said its board had completed the first review of Sri Lanka’s rescue package known as the Extended Fund facility (EFF)


Sri Lanka will get the second tranche of a much-need bailout package from the IMF
COLOMBO, Sri Lanka (AP) -- The International Monetary Fund executive board approved the release of the second tranche of a $2.9 billion dollar bailout package to help Sri Lanka recover from the worst economic crisis in its history.
Sri Lanka to get access to $337 million from IMF to stabilise economy
The International Monetary Fund (IMF) Executive Board has completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the cash-strapped country with access to about $337 million to restore macroeconomic stability and debt sustainability.
Sri Lanka's second review of $2.9 billion IMF bailout possible in first half of 2024
The second review of Sri Lanka’s $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.
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