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IMF to free up $333 million to crisis-hit Sri Lanka Via Reuters

IMF to free up 3 million to crisis-hit Sri Lanka Via Reuters


© Reuters. People buy vegetables at a market in Colombo, Sri Lanka, November 23, 2024. REUTERS/Thilina Kaluthotage

COLOMBO (Reuters) – The World Financial Fund (IMF) licensed the 3rd evaluation of Sri Lanka’s $2.9 billion bailout on Saturday however warned that the financial system stays prone.

In a remark, the worldwide lender mentioned it will free up about $333 million, bringing general investment to round $1.3 billion, to the crisis-hit South Asian country. It mentioned indicators of an financial restoration have been rising.





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