Sri Lanka makes progress towards IMF credit facility - IMF ...Middle East

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Sri Lanka makes progress towards IMF credit facility - IMF
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The International Monetary Fund reported constructive talks with Sri Lankan authorities on Thursday, raising hopes it could soon grant preliminary approval for a credit facility to alleviate a crisis in which the country is struggling to pay for imports. "The discussions will continue virtually with a view to reaching a staff-level agreement on the EFF arrangement in the near term," IMF said, referring to the credit arrangement, called an extended fund facility.

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