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IMF Executive Board approves USD 3 billion under New Extended Fund Facility arrangement for Sri Lanka

Washington [US], March 21 (ANI): The Executive Board of the International Monetary Fund (IMF) on Monday approved a 48-month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 per cent of quota or about USD 3 billion) for Sri Lanka.
Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis. The economy is facing significant challenges stemming from pre-