ECONOMYNEXT – Sri Lanka is going for its 18th International Monetary Fund program, barely a year after the country was given hopes that the current Extended Fund Facility which came in the wake of 2020 inflationary rate cuts will be the last. President Dissanayake said a team will be in Sri Lanka in January and a new review will be conducted. The visit was later confirmed by the IMF. President Dissanayake said that next year’s budget will have 500 billion rupees of extra spending after the Cyclone Ditwah. That means the fiscal targets in the Staff Level Agreement will have…
Sri Lanka to go for 18th IMF program: never say never
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