IMF warns Sri Lanka further fiscal consolidation needed as US$ 251.4m approved
The International Monetary Fund approved a disbursement of US $251.4 million to Sri Lanka following the completion of the third review of the 3 year Extended Fund Facility arrangement which was set up in June 2016.
Approving the latest tranche of funds, the IMF warned that further fiscal consolidation was needed given Sri Lanka's high debt burden and weakly performing state owned enterprises.



