United States welcomes IMF board approval for Sri Lanka

Posted by Editor on December 14, 2023 – 12:34 pm

America of America has welcomed the constructive completion of the Worldwide Financial Fund’s (IMF) first overview of the Prolonged Fund Facility (EFF) with Sri Lanka.

On December 12, 2023, The Worldwide Financial Fund’s (IMF) granted approval for the second tranche of funds for Sri Lanka underneath its Prolonged Fund Facility (EFF) offering about $337 million in funds to assist sort out the fallout from the nation’s worst monetary disaster in many years.

“We welcome the constructive information from the IMF Board in regards to the completion of the primary Prolonged Fund Facility overview with Sri Lanka, offering entry to about $337 million for Sri Lanka to make use of to assist its financial reforms and insurance policies.” stated U.S. Ambassador to Sri Lanka Julie Chung.

“This important step for Sri Lanka emphasizes the continued significance of sustained reforms & improved governance for the nation’s progress, whereas safeguarding probably the most susceptible.” stated Ambassador Chung.

U.S. Ambassador to Sri Lanka Julie Chung stated that the USA will proceed to assist Sri Lanka’s path to financial stability and prosperity.