BY A STAFF REPORTER: The International Monetary Fund (IMF) on Monday approved an enhanced financing regime of $3 billion for Sri Lanka, paving the way for an immediate disbursement of nearly $333 million to the cash-strapped country. The IMF said the new Extended Fund Facility (EFF) system programme aims to restore Sri Lanka's macroeconomic stability and debt stability, reduce economic impact on the poor and vulnerable, preserve the stability of the financial sector, and strengthen the potential for governance and growth.
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