Hirunews Logo
IMF+approves+US%24167.2+million+second+tranche+of+EFF
Tuesday, 18 July 2017 - 7:35
IMF approves US$167.2 million second tranche of EFF
4,328

Views
The Executive Board of the International Monetary Fund completed the second review of Sri Lanka's Extended Fund Facility arrangement, which enables the disbursement of about 167.2 million dollars.

On July 17, the Executive Board of the IMF completed the second review of Sri Lanka's economic performance under the program supported by a three-year extended arrangement under the Extended Fund Facility arrangement.

Announcing its decision, the IMF said Sri Lanka's new Inland Revenue Act will support fiscal consolidation, make the tax system more efficient and equitable, and generate resources for social and development programs.

The government's reform program, supported by the IMF, aims to reduce the fiscal deficit, rebuild foreign exchange reserves, and introduce a simpler, more equitable tax system to restore macroeconomic stability and promote inclusive growth.
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
3,544 Views
HiruNews
HiruNews
HiruNews
23,395 Views
HiruNews
HiruNews
HiruNews
11,821 Views
HiruNews
HiruNews
HiruNews
32,804 Views
HiruNews
HiruNews
HiruNews
26 Views
HiruNews
HiruNews
HiruNews
71,009 Views
Top