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Sunday, 22 April 2012 - 19:23
IMF to commence next review
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The International Monetary Fund is to commence the next review on Sri Lanka's economic performance under the US$ 2.6 billion Stand-By Agreement in June.

The IMF would consider the disbursement of the final US$ 400 million tranche of the SBA after considering the representations by the review board.

The Executive Board of the IMF has approved an extension of the arrangement period to July 23rd, to allow time for the completion of the eighth and final review.

Meanwhile, the World Bank board is to consider for approval in May the Bank's Country Partnership Strategy that would allocate funding for Sri Lankan projects over a 5-year period from 2012 to 2016.

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