IMF funding aids Sri Lanka in building reserves

sri-lanka

The Central Bank of Sri Lanka today (April 3) recognised the part the International Monetary Fund (IMF) has played in raising the country's foreign reserves.

The IMF revealed on April 2 that the seventh review of Sri Lanka's stand-by arrangement (SBA) facility had been successfully completed, meaning the eighth tranche of funds valued at 275.6 million special drawing rights (SDR) ($427 million) was released by the Fund.

With this disbursement, a total of SDR1.378 billion has been received thus

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