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IMF to grant 4th loan instalment to Sri Lanka

Aug 24, 2010 6:40:07 AM - itnnews.lk

The 4th instalment of the IMF loan will be granted to Sri Lanka in October.

At a news briefing held in Colombo yesterday Dr. Brian Aitken, of the Asia and Pacific Department of the International Monetary Fund said that it has been recommended to issue the 4th instalment of 20 billion rupees to Sri Lanka. The media briefing was held at the end of a visit of an IMF delegation to the island. Dr. Brian Aitken said that the Hambantota harbour construction was completed ahead of the scheduled time. He said that infrastructure construction is going on well and that there is an integrated comprehensive plan. He noted that much interest has been shown by the investors although it will take some time for the interest to materialize in the form of projects as indications are in this direction.