Sri Lanka Secures $2.6B IMF Aid

    The I

    will provide some $2.6 billion to Sri Lanka under a 20-month standby arrangement. The Asian nation may immediately access $322.2 million; the remaining amount will be phased in, following quarterly reviews. The financing will back the nation's economic reform program aimed at strengthening foreign reserves and the financial sector, as well as post-conflict reconstruction and relief efforts.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.