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Reuters
Reuters
Business
By Jorgelina do Rosario

Paris Club creditors give assurances to back IMF bailout for Sri Lanka

Paris Club Sri Lanka Fund International Monetary Fund India
FILE PHOTO: A woman buys vegetables from a vendor at a market in the rampant food inflation, amid Sri Lanka's economic crisis, in Colombo, Sri Lanka, July 30 , 2022. REUTERS/Kim Kyung-Hoon

The Paris Club of creditors has given financing assurances to support the International Monetary Fund's approval of an extended fund facility for Sri Lanka, the Sri Lankan president's office said on Tuesday.

The assurances are crucial to unlocking a $2.9 billion deal from the IMF, which is still pending executive board approval.

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