සිංහල தமிழ் Hiru Gossip

Sri Lanka to obtain USD 50 million policy-based loan from OPEC Fund

Wednesday, 11 December 2024 - 7:00

Sri Lanka’s cabinet has approved signing an agreement for a $50 million policy-based loan from the OPEC Fund for International Development, linked to financing under the Extended Fund Facility of the International Monetary Fund (IMF), according to the Department of Government Information.

The country has already received similar loans tied to the IMF program from the World Bank and the Asian Development Bank.

The proposal to finalize a Loan Agreement with the OPEC Fund, submitted by the President in his capacity as Minister of Finance, Planning and Economic Development, has received Cabinet approval.