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IMF vows continued support for Sri Lanka
Sri Lanka’s macroeconomic situation is “much improved,” with its fiscal performance very strong and debt restructuring largely complete, Jain-Chandra said in a press conference during the IMF meetings in Bangkok. She also said important improvements were made on structural issues, including governance. Earlier this month, the IMF reached a staff-level agreement with Sri Lanka on the seventh review under its Extended Fund Facility to unlock financing of about $345 million. Upon completion of the review, Sri Lanka will have access to the IMF’s special drawing rights equivalent to about ...
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