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Wednesday, February 24, 2010 - 06.18 GMT

IMF second review on SL in progress

 
An International Monetary Fund (IMF) team is currently in Sri Lanka to conduct the second review of the US$ 2.6 Stand-By Agreement, approved July last year.

The IMF team will determine whether the country has made adequate economic progress for it to recommend the release of the third tranche of the loan, IMF country representative Dr. Koshy Mathai said.

The IMF team is scheduled to meet officials from the Central Bank, the Ministry of Finance and Planning and other government ministries and departments, as well as representatives of the private sector.

Completion of the review would lead to disburse the third tranche of nearly US 300 million under the programme, the IMF said.





 
 
   
   
   
   
   

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Last modified: February 25, 2010.

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