The Executive Board of the International Monetary Fund (IMF) has approved the second phase of the 48 month extended fund facility to Sri Lanka yesterday (13) it has been announced.Accordingly under this Sri Lanka will receive a loan of US Dollars 336 million to move forward the local economy the IMF has stated.
With this loan IMF has,so far distributed around 1 billion US Dollars to Sri Lanka according to the washington based lender.
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