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Friday, 30 March 2012 - 9:37
Sri Lanka on track to get IMF loan next week
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Sri Lanka is on track to resume a loan program with the International Monetary Fund next week, with preliminary data showing that action taken to break credit and domestic demand are showing results.

The IMF held back the final two tranches of around 800 million dollars from its 2.5 billion dollar bailout facility given after a 2008/2009 balance of payments crisis.

IMF's resident representative Koshy Mathai confirmed that IMF's board would meet on April 02 to consider a 7th review under the program.

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