Hirunews Logo
Sri+Lanka+on+track+to+get+IMF+loan+next+week
Friday, 30 March 2012 - 9:37
Sri Lanka on track to get IMF loan next week
13

Shares
1,624

Views

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.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
News Image
Hiru News Programme Segments
1,350 Views
12,987 Views
5,042 Views
6,383 Views
61 Views
9,503 Views
Top