Sri Lanka to be first country in Asia to come under IMF's governance diagnostic exercise
Millennium Post Delhi
|March 22, 2023
IMF approved $3 bn on Monday to help the island nation
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COLOMBO: 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.
The IMF emphasised the importance of anti-corruption and governance reforms as a central pillar of the EFF-supported programme.
"We emphasise the importance of anti-corruption and governance reforms as a central pillar of the EFF-supported programme they are indispensable to ensure the hard-won gains from the reforms benefit the Sri Lankan people," Peter Breuer, the senior IMF official responsible for Sri Lanka, told reporters.
यह कहानी Millennium Post Delhi के March 22, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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