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Monday, 04 April 2016 - 17:00
IMF Team Here To Discuss Loan Facility
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A five member International Monetary Fund (IMF) team is currently in Sri Lanka to negotiate terms for the much debated loan facility for the country. The loan facility offered by the IMF is targeted to address the balance of payments and pressures the country’s economy is facing currently.

The government is negotiating with the IMF for a loan facility to protect the Sri Lankan economy against the current turbulent conditions in the world economy, reportedly.

The authorities are engaged in negotiating the terms and conditions of the loan, the Finance Ministry sources states.

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