SL expects that the IMF loan will be approved before the end of this year

Date:

Sri Lanka is expecting a debt relief of 2.9 billion dollars from the International Monetary Fund to get rid of the dollar crisis and debt crisis it is facing. Several rounds of discussions were held over the course of several months.

Reuters reports that the Central Bank is expecting that the relevant loan amount will be approved before the end of this year.

Reuters reports that in a discussion held by the officials of the Central Bank with the investors yesterday, opinions have been expressed in this regard.

Share post:

spot_imgspot_img

Popular

More like this
Related

Turning Dialogue into Delivery for UK–Sri Lanka Trade

While challenges persist in expanding trade between Sri Lanka...

Canwill Divestment Raises Legal, Fiscal, and Investor Confidence Questions

The Government’s renewed effort to divest its entire stake...

Coal Deal under Fire as Power Crisis Deepens

Sri Lanka’s coal procurement process has come under intense...

Untapped Quartz Wealth: Sri Lanka’s Mineral Sector at a Turning Point

Sri Lanka’s mineral sector is once again under scrutiny...