Sri Lanka has so far failed to make enough progress in boosting tax collection and other economic reforms for the International Monetary Fund to release a second tranche of $330 million in the country's $2.9 billion bailout from bankruptcy, the IMF said.
An IMF team led by Peter Breuer and Katsiaryna Svirydzenka concluded a visit to the island Tuesday and said in a statement that discussions would continue an agreement on how to keep up the momentum of reforms, and to unlock the second installment of funding that was due at the end of this month.
