Cabinet awaits to give approval….

As soon as Sri Lanka secures clearance from the IMF Executive Board for the IMF-supported Extended Fund Facility (EFF), the Cabinet of Ministers has given the Finance Ministry Secretary or the Treasury’s Deputy Secretary the authority to sign the Promissory Notes and other necessary paperwork.

This was recently disclosed by Minister and Cabinet Spokesperson Bandula Gunawardene.

On Monday, Sri Lanka is anticipated to receive final approval from the International Monetary Fund (IMF) for a $2.9 billion bailout. This is a crucial step for the bankrupt country to recover its economy from the worst crisis in decades.