The United States has welcomed the International Monetary Fund’s (IMF) approval of Sri Lanka’s second review.
“The United States continues to encourage Sri Lanka’s leaders to stay committed to take needed measures that ensure accountability, transparency, and representative governance, to foster investment and growth,” said US Ambassador Julie Chung in a post on ‘X’.
The Executive Board of the IMF on Thursday completed the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$336 million).
This brings the total IMF financial support disbursed so far to SDR 762 million (about US$1 billion). The Executive Board also concluded the 2024 Article IV Consultation with Sri Lanka. (Newswire)