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Live News REGULATION ARTICLE M impact

IMF and Sri Lanka agree on $345 million funding deal

The International Monetary Fund has reached a staff-level agreement with Sri Lanka on the seventh review of its Extended Fund Facility, paving the way for about $345 million in financing.

The International Monetary Fund said it reached a staff-level agreement with Sri Lanka on the seventh review under its Extended Fund Facility, a step that would unlock financing of about $345 million.