WASHINGTON: The International Monetary Fund (IMF) has approved USD 695 million in funding for Sri Lanka as the island nation grapples with the impact of Cyclone Ditwah and the war in West Asia.

WASHINGTON: The International Monetary Fund (IMF) has approved USD 695 million in funding for Sri Lanka as the island nation grapples with the impact of Cyclone Ditwah and the war…

The warning came as the IMF approved a further US$695 million bailout instalment under Sri Lanka’s US$2.9 billion recovery programme.