Hirunews Logo
IMF+Executive+Board+completes+review+of+SL+economic+performance
Friday, 08 December 2017 - 8:01
IMF Executive Board completes review of SL economic performance
8

Shares
1,007

Views
The International Monetary Fund says its Executive Board has completed the third review with related to Sri Lanka's Extended Fund Facility arrangement, which enables the disbursement of about 251.4 million dollars.
 
Issuing a statement the IMF Executive Board said Sri Lanka's fiscal performance has been satisfactory and all targets until September were met.
 
The Board said while the authorities met fiscal targets and legislated the income tax reform, further consolidation is necessary, given Sri Lanka's high debt burden and large gross financing needs.
 
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
Train services recommence
Thursday, 14 December 2017 - 15:46
The week long railway strike ended last morning (13) after a Cabinet Sub-Committee headed by Minister Dr. Sarath Amunugama agreed to look into the issues... Read More
News Image
Hiru News Programme Segments
717 Views
6,996 Views
6,013 Views
14,081 Views
403 Views
8,509 Views
Top