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Financial Context of IMF Program
Breakdown of the IMF Extended Fund Facility (EFF) in millions/billions USD
Primary Sources
IMF monitors $2.5 million cyber theft at Finance Ministry
The International Monetary Fund (IMF) is paying close attention to the $2.5 million robbery carried out by hackers who accessed Finance Ministry computer systems, a spokesperson told a local English daily today (25). The fund remains in close observation of the situation.In response to inquiries, an IMF spokesperson stated they acknowledged the event and noted the Finance Ministry statement confirming unauthorised access to the Department of External Resources (ERD) systems. These funds were specifically allocated for a debt installment payment to Australia.Sri Lanka currently recovers under an IMF program following the severe 2022 economic crisis after previously defaulting on $46 billion in debt. Authorities and the IMF reached a staff-level agreement on economic policies to finalize the combined fifth and sixth reviews of the Extended Fund Facility (EFF). Approval of this review by the IMF Executive Board will grant Sri Lanka access to approximately $700 million in funding. The total IMF program, agreed upon on March 20, 2023, amounts to roughly $3 billion.
US $ 2.5 million cyber heist comes under IMF watch
The theft of US $ 2.5 million by cybercriminals who breached the computer systems of the Finance Ministry has come under the spotlight of the International Monetary Fund (IMF), which is closely ...
Finance Ministry Launches Probe into $2.5Million Cyber Theft
The Ministry of Finance, Planning and Economic Development has announced that formal complaints have been lodged with law enforcement agencies and relevant authorities over a cyber attack on the External Resources Department, which resulted in the theft of $2.5 million from state funds.
Sri Lanka Finance Ministry Confirms Cyber Attack Theft
Sri Lanka's Ministry of Finance has officially confirmed that cyber hackers successfully infiltrated the computer systems of the External Resources Department and stole government funds in what appears to be a significant cybersecurity breach affecting the nation's financial infrastructure. Official Government Confirmation The Ministry of Finance released an official statement acknowledging ...
