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IMF to grant next installment

Feb 3, 2011 6:52:56 AM - itnnews.lk

The International Monitory Fund is to grant another installment of 216 million US Dollars to Sri Lanka.

It is the 5th installment to be granted under the programme. The IMF has decided to grant the funds after reviewing the situation prevailing in Sri Lanka. The IMF had agreed to grant a loan of 2.6 billion US dollars to Sri Lanka. So far they have granted 1.5 billion Dollars.