• Sri Lankan government officials have reached a staff-level agreement to support the country’s economic policies with a 48-month Extended Fund Facility of about US$2.9 billion

By Darshana Sanjeewa Balasuriya   

International Monetary Fund chief Kristalina Georgieva said yesterday that she is very pleased that IMF staff and Sri Lankan government officials have reached a staff-level agreement to support the country’s economic policies with a 48-month Extended Fund Facility of about US$2.9 billion.   

 She said this is an important step forward for Sri Lanka.   The IMF on Thursday announced that it has reached a staff-level agreement with Sri Lanka, in a first step before extending a $2.9 billion loan package that the Fund has made contingent on assurances from the island nation’s creditors.