Categories: Headlines

LNP – Sri Lanka secures USD 50 million loan from OPEC Fund for economic recovery

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 assistance of the International Monetary Fund (IMF).

The institution has agreed to provide a loan of USD 50 million as a policy-based loan, Cabinet Spokesman, Minister Dr. Nalinda Jayatissa said this morning (10).

Meanwhile, the IMF has also confirmed that the loan is in line with the parameters of the EFF program in Sri Lanka.

Accordingly, the proposal submitted by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to enter into a Loan Agreement with the OPEC Fund for International Development to obtain the said loan has received the Cabinet approval.

AddThis Website Tools
Tyronne Jayamanne

Recent Posts

LNP – Medical laboratory fined Rs. 500,000 for overcharging FBC test report

LNP – Medical laboratory fined Rs. 500,000 for overcharging FBC test report

A medical laboratory in Malwana (Biyagama Hospital- Malwana) was fined Rs. 500,000 by the Mahara…

1 hour ago
LNP – 18,000 MT of maize to be imported for ‘Thriposha’ production

LNP – 18,000 MT of maize to be imported for ‘Thriposha’ production

The Cabinet of Ministers has granted approval to issue a permit to the Sri Lanka…

1 hour ago
LNP – Australia Deputy PM arrives in Sri Lanka

LNP – Australia Deputy PM arrives in Sri Lanka

Deputy Prime Minister and Minister of Defence of Australia Richard Marles has arrived in the…

7 hours ago

LNP – “No more pageants. I did my best for Sri Lanka” – Anudi bids farewell to pageantry

Anudi Gunasekara, who represented Sri Lanka at the 72nd Miss World pageant held in India,…

21 hours ago

LNP – Sri Lanka to launch Starlink Internet Services pending final approval

Sri Lanka is on the verge of launching satellite internet services through Starlink with all…

22 hours ago

LNP – Monitoring increases as new COVID sub-variants detected

Health authorities in Sri Lanka have ramped up monitoring efforts following the detection of two…

22 hours ago