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Sri Lanka gets fourth tranche of $334 million bailout package from IMF

Business Standard LogoBusiness Standard8h ago

Sri Lanka gets fourth tranche of $334 million bailout package from IMF - Business Standard

Quick Summary:

The release of the fourth tranche was approved on Friday after the Executive Board of the International Monetary Fund (IMF) completed the third review under the 48-month Extended Fund Facility (EFF) Arrangement to Sri Lanka.

The IMF has agreed to release the fourth tranche of USD 334 million from its USD 2.9 billion bailout package to Sri Lanka to strengthen the island nation's recovery from its 2022 bankruptcy.

The global lender said it would release about USD 334 million to the crisis-hit nation, bringing total funding to around USD 1.3 billion.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-01 @ 12:29:51 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 368 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26537675

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 121 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

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Publisher ID: #49

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  • URL: https://beamstart.com/news/sri-lanka-gets-fourth-tranche-17408130985097

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