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Monday, April 23, 2012 - 5.55 GMT
IMF to commence next review of SL's economic performance in June


The International Monetary Fund (IMF) is to commence the next review on Sri Lanka's economic performance under the US$ 2.6 billion Stand-By Agreement (SBA) 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 IMF has approved an extension of the arrangement period to July 23, 2012, to allow time for the completion of the eighth and final review.

Governor of Central Bank of Sri Lanka, Ajith Nivard Cabraal has said that Deputy Managing Director of the IMF, Naoyuki Shinohara has informed that the next IMF review would commence on June 4th.

The Central Bank Governor said that the Sri Lankan authorities had met the IMF Deputy Managing Director with many investors who have already invested in Sri Lanka and updated them on the economy.





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Last modified: April 23, 2012.

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