22 July 2024 03:00 am Views - 1071
A delegation from the International Monetary Fund (IMF) is scheduled to visit Sri Lanka next week to assess the country’s economic progress.
The delegation will evaluate the current economic situation and recommend future actions to strengthen the economy.
In June, the IMF Executive Board completed the 2024 Article IV Consultation and Second Review under the 48-month Extended Fund Facility (EFF) with Sri Lanka, which provided the country with immediate access to about US$ 336 million to support its economic policies and reforms. This brought the total IMF financial support dispersed so far to about US$ 1 billion.