IMF and SL government enter into Basic Agreement on Credit Facility

Enable GingerThe International Monetary Fund (IMF) and the Government of Sri Lanka reached a preliminary agreement on credit facilities today. Thus, the necessary background for the basic process of obtaining the emergency loan has been prepared.

Reuters reports thar the Sri Lankan government will thus have the opportunity to proceed with the steps required to obtain the debt relief package from the IMF as a remedy for the current economic crisis.

Reuters has reported that an announcement will be made about this tomorrow. 

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by Daily News Sri Lanka

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