Sri Lanka

The International Monetary Fund has approved the last installment, worth USD200 million, of a USD2.6 billion loan to Sri Lanka. This decision was based on IMF’s positive appraisal of the country’s macroeconomic performance, the Tamil News Network says.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.