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Beleaguered Sri Lanka gets IMF cash

Colombo: The International Monetary Fund Tuesday released a long-delayed loan instalment to Sri Lanka, providing financial relief to a government still reeling from the Easter Sunday bombings that claimed 258 lives.

The Washington-based lender said it was releasing USD 164.1 million to Sri Lanka under a three-year USD 1.5 billion bailout that was suspended in October during a power struggle between the president and the prime minister. The administration presented a “well-targeted 2019 budget, said IMF deputy MD Mitsuhiro Furusawa.

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