Public Administration Minister Dr. Sarath Amunugama has expressed hope that the second installment of the loan from the International Monetary Fund to Sri Lanka will be released before the end of this month.

This loan installment amounts to 320 million US dollars.

Addressing a media briefing, Dr. Amunugama had said that the government is being engaged in talks with a delegation of the IMF now in Sri Lanka, who commended the progress of the country’s economy in the recent past.

The IMF group has appreciated Sri Lanka’s ability to maintain foreign reserves at a higher level. They have have focused special attention on the economic achievements especially in July and August.

The Minister had added that a special meeting of the IMF will take place in Istanbul before the end of September.