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IMF Approves $700 Million Loan to Sri Lanka Amid Energy Crisis

4/9/2026

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Summary

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The International Monetary Fund approved an additional $700 million in loans to Sri Lanka on April 9, as part of its four-year, $2.9 billion bailout.
The IMF urged Sri Lanka to restore energy pricing cost recovery to support macroeconomic stability and post-2022 recovery.
Sri Lanka plans nearly $200 million for fuel subsidies amid an energy crunch linked to the Iran war, which raised retail prices by about a third.

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Story summary

The International Monetary Fund approved an additional $700 million in loans to Sri Lanka on April 9, as part of its four-year, $2.9 billion bailout.
The IMF urged Sri Lanka to restore energy pricing cost recovery to support macroeconomic stability and post-2022 recovery.
Sri Lanka plans nearly $200 million for fuel subsidies amid an energy crunch linked to the Iran war, which raised retail prices by about a third.