SUNDAY, 01 JULY 2012 09:46
Sri Lanka has met all June-end targets set by the International Monetary Fund (IMF) for the last tranche of a $2.6 billion loan, Central Bank Governor Ajith Nivard Cabraal said.
“We have met all the targets. Net domestic financing, net internal reserves, and the reserve money targets have been met,” Cabraal told Reuters. After concluding a two-week assessment, an IMF mission June 15 said Sri Lanka’s policy measures including policy rate hikes, flexible exchange rate, and credit restrictions have been yielding results. If satisfied, the global lender will disburse the last tranche of the $2.6 billion loan - around $420 million - by mid July. (Reuters)
“We have met all the targets. Net domestic financing, net internal reserves, and the reserve money targets have been met,” Cabraal told Reuters. After concluding a two-week assessment, an IMF mission June 15 said Sri Lanka’s policy measures including policy rate hikes, flexible exchange rate, and credit restrictions have been yielding results. If satisfied, the global lender will disburse the last tranche of the $2.6 billion loan - around $420 million - by mid July. (Reuters)
