Hirunews Logo
Sri+Lanka+achieves+progress+on+several+economic+spheres%3B+prepared+to+grant+further+assistance+says+IMF
Wednesday, 13 February 2013 - 19:21
Sri Lanka achieves progress on several economic spheres; prepared to grant further assistance says IMF
14

Shares
1,693

Views

The International Monetary Fund states that owing to drops in import expenditure & tax exemptions the tax revenue of the island has dropped by 11%.

Addressing a media briefing held in Colombo today a group of IMF delegates made this revelation prior to their departure from the island.

Head of the IMF mission to Sri Lanka, Dr. John Nelmes made the following observations concerning the countries current economic status as he made the opening remarks of today's media briefing.

Speaking further Dr. Nelmes noted that the delegation had recommended a new formula based on which electricity tariffs should calculated.

However the Central Bank yesterday noted that it would not be relying on an IMF sponsored loan facility in future.

Nevertheless Head of the IMF mission to Sri Lanka Dr. John Nelmes expressing his views in this regard today noted that the IMF was more than willing to assist Sri Lanka should it decide to move in on a loan facility once more.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
Heavy snow across the globe
Friday, 13 January 2017 - 9:29
Many countries are experiencing heavy snow, foreign media states. The temperature in England, Scotland, North Ireland and Wales has hit minus 10 degrees... Read More
News Image
Hiru News Programme Segments
838 Views
1,244 Views
2,289 Views
1,883 Views
10,438 Views
44,728 Views
Top