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An IMF team due for discussions on the 6th tranche

Oct 11, 2010 6:33:06 AM - itnnews.lk

A team from the International Monetary Fund is due to arrive in the island next month.

The aim of the visit is to hold initial discussions on the granting of the 6th tranche of the IMF loan. Five instalments had already been granted to Sri Lanka following the approval of the credit in July last year. The value of the instalments so far provided is 1,275 million dollars. The Deputy Manager of the IMF Executive Board Nevillo Fersugal said that the 6th tranche will be granted based on the developmental targets of the forthcoming budget.