Sri Lanka to be first country in Asia to come under IMF's governance diagnostic exercise
Admin
Mar 29, 2023 12:23
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Sri Lanka will be the first country in Asia to undergo a governance diagnostic exercise by the IMF which will assess corruption and governance vulnerabilities in the debt-trapped country, the global lender said on Tuesday.
The International Monetary Fund's Executive Board approved on Monday a 48-month extended arrangement under its Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (about USD 3 billion) to help Sri Lanka overcome its economic crisis.
