The South Asian nation is in the midst of its biggest financial crisis since gaining independence from Britain in 1948, and the IMF said that its board will meet on March 20 to examine a preliminary staff-level agreement that was first inked in September.
Source:- The Business Standard
The board typically won’t add topics to its agenda unless its members are prepared to act, thus approval is likely.
The International Monetary Fund announced on Tuesday that Sri Lanka had obtained funding guarantees from all significant bilateral creditors, clearing the path for the IMF board to consider approving the long-awaited $2.9 billion, four-year bailout that was previously agreed upon.
Source: WION
The South Asian nation is in the midst of its biggest financial crisis since gaining independence from Britain in 1948, and the IMF said that its board will meet on March 20 to examine a preliminary staff-level agreement that was first inked in September.
The board typically won’t add topics to its agenda unless its members are prepared to act, thus approval is likely.
This opens the door for the IMF Board to consider approving the Staff Level Agreement concluded on September 1, 2022, on March 20
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