COLOMBO (News 1st) – Reuters reports that Sri Lanka’s $1.5bn loan programme with the International Monetary Fund (IMF) has been extended by one year and noted that a staff-level agreement has been reached to disburse the 6th tranche of the loan.

Reuters has cited government and diplomatic officials as the source of information. The news agency also reports that the IMF has declined to comment on the matter.

The loan program was delayed in November 2018 by the IMF due to the political uncertainty in the country at the time. The IMF has already disbursed over $1bn of the agreed $1.5bn loan.

• Parliament to consider amending Penal Code provisions often used against LGBTQ community
• President hints at declaring schools as an essential service
• LG Election 2023: Postal Voting further delayed
• SriLankan, SLT, Litro Gas, SLIC among SOEs to undergo divestment process – Finance Ministry
• FINANCIAL FIREFIGHTING: THE IMF BAILOUT AND ITS CONDITIONS