Colombo (LNW): Sri Lanka in December 2023 received a second tranche of US $337 million from the International Monetary Fund (IMF), US $200 million from the Asian Development Bank (ADB) for various programmes, and US $250 million from the World Bank, a statement by the President’s Media Division (PMD) disclosed.
The total disbursements, amounting to US $787 million, are intended to provide budget support and strengthen the country’s external buffers.
The Ministry of Finance emphasised that the substantial foreign exchange inflows of US $780 million to the government will contribute to reinforcing the country’s external buffers.
The gross official reserves are anticipated to exceed US $4 billion by the conclusion of 2023, surpassing earlier projections, the statement added.
