The International Monetary Fund has agreed to provide an additional $2 billion to 900 million dollars over the next four years to deal with the severe economic crisis and corruption in Sri Lanka. The move was taken after weeks of talks between the International Monetary Fund and Sri Lankan officials.
The International Monetary Fund Commission, headed by Peter Breuer and Masahiro Nozaki, was present in Sri Lanka from 24 August to 1 September. They discussed in detail the International Monetary Fund’s aid to Sri Lanka and the administratively comprehensive economic reform programs.
The International Monetary Fund said in a release that this facility will help in re-establishing economic and debt stability in Sri Lanka.