COLOMBO: The International Monetary Fund (IMF) has agreed a $1.5 billion loan for Sri Lanka in support of economic reforms aimed at reversing a two-decade decline in tax revenue and reviving growth, it said on Friday.
The IMF’s chief for Sri Lanka, Todd Schneider, said a staff-level agreement was reached to release $1.5 billion over a three-year period in support of the island’s reform agenda.
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