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IMF chief pleased over Sri Lanka reaching staff-level pact for US $ 2.9 billion

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International Monetary Fund chief Kristalina Georgieva said today that she is very pleased that IMF staff and Sri Lankan government officials have reached a staff-level agreement to support the country’s economic policies with a 48-month Extended Fund Facility of about US$2.9 billion.

She said this is an important step forward for Sri Lanka.

The IMF on Thursday announced that it has reached a staff-level agreement with Sri Lanka, in a first step before extending a $2.9 billion loan package that the Fund has made contingent on assurances from the island nation’s creditors.

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