"We are comfortable to face any adversity and hence there is no cause for any concern,’’ said the Governor who is attending a meeting of South East Asian Central Bank Governors in Kampuchea

"The IMF statement is clear that they are, by and large, satisfied with the program progress,’’ he said.

The third tranche of slightly over USD 300 million was due in March but will be on hold till most likely after the budget in April after a new parliament is elected.

The IMF itself has made clear that the delay in the disbursement will not have any material effect on the economy.

"The review will be completed only after May. It made sense for us to re-engage in comprehensive talks after the formation of the new cabinet following the election," the IMF mission chief Brian Aitken told reporters last week.