<p>Sri Lanka is to receive the six tranche of its International Monetary Fund (IMF) loan, worth US $ 246.7 million provided it meets IMF conditions, including allowing for exchange rate flexibility without using up foreign reserves.</p>
<p>The IMF's deputy division chief for Asia-Pacific, Manuela Goretti acknowledged efforts by Sri Lanka “to bring their economic reform program back on track following the political turmoil of late 2018”.</p>
<p>“The economy is gradually stabilising after the weak economic performance in 2018, in the context of external shocks and domestic political uncertainty,” Goretti said. </p>