IMF agrees to give loan of 2.9 billion dollars to Sri Lanka

The International Monetary Fund-IMF has agreed to give an initial loan of 2.9 billion dollars to Sri Lanka to deal with the ongoing economic crisis. However, the government banks of Sri Lanka have to guarantee the payment of this amount. Under the extended facility, the IMF will provide the loan for a period of four years. All this information was given in a statement by the international lender…