International Monetary Fund(IMF)Approved US Dollars 1.5 Billion Loan To Sri Lanka As A Support To Economic Reforms

The International Monetary Fund's (IMF) Executive Board has approved US Dollars 1.5 Billion loan for Sri Lanka for a three year period to support Sri Lankan Government's economic reforms the IMF has announced today(04).

According to the IMF out of the loan approved US Dollars 168.1 million will be provided to Sri Lanka as the first installment and the remain will be provided in six installments subjected to quarterly reviews .

"Despite the positive growth momentum,Sri Lanka's economy is beginning to show signs of strain from an increasingly difficult external environment and challenging policy  adjustments "the IMF has stated from the press release issued today(04).