IMF Executive Board approves US$3 billion under the Extended Fund Facility (EFF) arrangement for Sri Lanka

(LANKAPUVATH | Washington, DC) – The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion).

"IMF Executive Board approves US$3 billion under the Extended Fund Facility (EFF) arrangement for Sri Lanka"

Chinese Government aims to pursue more proactive, effective fiscal policy

(CHINA DAILY, CHINADAILY.COM.CN) – Chinese Premier Li Keqiang said on Sunday (05) that China will “Try to achieve better results” in terms of Gross Domestic Product (GDP) growth in 2017, as its growth target is set at “around 6.5 percent”. Analysts said the goal is achievable since the economy could have hit the trough last year.

"Chinese Government aims to pursue more proactive, effective fiscal policy"