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Sri Lanka crisis

Sri Lanka and IMF reach staff-level deal on second bailout review

Board approval would unlock $337m in funds for economic recovery

A woman buys vegetables at a market in Colombo in November 2023. Sri Lanka is relying on international support as it recovers from a deep economic crisis.   © Reuters

COLOMBO (Reuters) -- The International Monetary Fund and Sri Lanka have reached a staff-level agreement on economic policies to conclude the second review of the four-year bailout program, the global lender said on Thursday.

The review, once approved by the IMF's board, will release $337 million in funding for the island nation.

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