<h1>IMF Approves Fourth Tranche of $334 Million to Support Sri Lanka's Recovery Efforts Under Extended Fund Facility</h1> The International Monetary Fund (IMF) has approved the release of a fourth tranche of USD 334 million from its USD 2.9 billion bailout package to aid Sri Lanka's recovery from its 2022 bankruptcy. This decision follows the completion of the third review under the Extended Fund Facility Arrangement. The IMF noted that Sri Lanka has met most of its quantitative targets, with the recent bond exchange being a significant step towards debt sustainability. The country, which faced its first sovereign default in 2023, previously relied on a USD 4 billion Indian credit line to address severe shortages during the crisis.