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Monday, 23 July 2012 - 20:32
Value of the rupee affects cost of living; says IMF
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Sri Lanka and the International Monetary Fund have commenced a new two year program to support longer term goals of the administration which may involve improving revenues, state enterprises, or keeping deficits and inflation down.

Sri Lanka successfully completed a 2.5 billion US dollar bailout program on Friday, the first time an IMF deal has been completed.

Speaking at a media briefing held in Colombo today, IMF resident representative Koshi Mathai confirmed that this is the first instance that Sri Lanka has successfully completed an IMF program.

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