In a press briefing today, Peter Breuer, Senior Mission Chief for Sri Lanka at the International Monetary Fund (IMF), announced the release of $337 million in additional funding for the island nation. This brings the total IMF support under the 48-month Extended Fund Facility to $670 million, part of a crucial $3 billion bailout package…
By Mohamed, 38, migrant worker from Sri Lanka December 13, 2023 Mohamed: “Migrant workers in Qatar should not be exploited and abused like I was” As Sri Lanka grappled with economic turmoil, Mohamed, 38, saw a chance to provide a better life for his family with the promise of a new job in Qatar. As…
International Monetary Fund (IMF) says that continued ownership of reforms is essential to rebuild fiscal credibility to improve governance and reduce corruption vulnerabilities. Releasing the second tranch of the IMF’s $ 2.9 billion extended fund facility, IMF said that as part of the IMF-supported arrangement, Sri Lanka has undertaken significant reforms to pave the way…
