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Sri Lanka secures IMF staff-level pact for 2.9 bln USD loan

COLOMBO, Sept. 1 (Xinhua) — The International Monetary Fund (IMF) and Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under Extended Fund Facility (EFF) of about 2.9 billion U.S. dollars, the IMF said here Thursday.

In a statement, the IMF said the new EFF arrangement will support Sri Lanka’s program to restore macroeconomic stabil