The Government of Sri Lanka has submitted a request to the OPEC Fund for International Development to secure funds to finance Sri Lanka’s comprehensive reform agenda, in line with the Extended Fund Facility (EFF) implemented with the support of the International Monetary Fund (IMF).
Cabinet Spokesperson, Minister Dr. Nalinda Jayatissa said this yesterday (10th) that the institution has agreed to provide a loan of US$ 50 million as a policy-based loan.
Meanwhile, the IMF has also confirmed that the loan amount is in line with the parameters of Sri Lanka’s EFF programme.
Accordingly, the proposal presented by the President as the Minister of Finance, Planning and Economic Development to enter into a loan agreement with the OPEC Fund for International Development in order to obtain the loan amount has been approved by the Cabinet.
