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IMF to approve $2.9 bn bailout package for Sri Lanka: Central bank governor

By IANS | Updated: March 19, 2023 17:10 IST

Colombo, March 19 Sri Lankan central bank governor Nandalal Weerasinghe told media on Sunday that the country's "dollar ...

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Colombo, March 19 Sri Lankan central bank governor Nandalal Weerasinghe told media on Sunday that the country's "dollar crisis" is over, as the IMF is set to approve a $2.9 billion bailout package for the country on Monday.

He said Sri Lanka will hence have adequate foreign reserves for imports for essential sectors, adding that the IMF package will boost investor sentiment and enhance the country's access to more foreign funds and investments, Xinhua news agency reported.

The IMF package will include budgetary support to Sri Lanka's government, which is a new element in IMF lending, he added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: colomboimfXinhuaSri LankaDemocraticDemocratic socialist republicNandalal weerasingheMonetary policy committee of the bangladesh bank
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