The rupee gained 1.7 per cent on Tuesday as exporters sold dollars after the International Monetary Fund approved thedisbursement of a long-delayed loan tranche of $ 426.8 million to the Government. The rupee strengthened to 126.00/126.30 a dollar from Monday’s close of 128.25/128.30. Dealers

$ 427 m released to boost reserves bringing total to $ 2.13 b under $ 2.6 b SBA; balance likely in mid-July Emphasises Govt. has taken several positive measures to stem current account deficit, reserve loss and bolster fiscal performance Says recent tax hike on vehicles “unexpected” but shows Govt.’s seriousness in dealing with Balance ...

The International Monetary Fund (IMF) has approved US$ 426.8 Million loan for Sri Lanka.

The International Monetary Fund will evaluate Sri Lanka's progress on measures to stabilise its economy before releasing the final tranche of a $2.6-billion bailout, a top IMF official said Tuesday.

The International Monetary Fund has approved another tranche under the stand-by arrangement for Sri Lanka, after the Executive Board of the IMF completed the seventh review of Sri Lanka’s economic performance.

The International Monetary Fund on Monday has approved a 426.8 Million US Dollars loan for Sri Lanka. The IMF Executive Board yesterday completed its seventh review on Sri Lanka’s economic performance under the 2.6 Billion US Dollar Stand-By Agreement and approved the immediate disbursement

Sri Lanka has got another US$ 426.8 million from the International Monetary Fund under the ongoing stand-by arrangement the country has with the agency. The money, which is equivalent to 275.6 million SDR comes following the IMF completing its seventh review of Sri Lanka’s economic performance

The International Monetary Fund (IMF) on Monday approved another tranche of US$426.8 million to Sri Lanka under the Stand-By Arrangement (SBA-loan), in a welcome injection to the country’s once, strong foreign reserves. This came after the board of executive directors approved the seventh review

The International Monetary Fund on Monday approved a $427 million loan for Sri Lanka, hoping to shor..

Apr 03, Washington D.C.: The Executive Board of the International Monetary Fund (IMF) on late Monday (02) completed its seventh review on Sri Lanka's economic performance under the US$ 2.6 billion Stand-By Agreement (SBA) and approved the immediate disbursement of an amount equivalent to US$ 426.8

The Executive Board of the International Monetary Fund (IMF) yesterday completed the seventh review of Sri Lanka’s economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of the review enables the immediate disbursement of an amount equivalent to SDR

The International Monetary Fund on Monday approved a $427 million loan for Sri Lanka, hoping to shore up government coffers that have been ravaged by a massive trade deficit. .

The International Monetary Fund on Monday approved a $427 million loan for Sri Lanka, hoping to shore up government coffers that have been ravaged by a massive trade deficit.

WASHINGTON: The International Monetary Fund on Monday approved a $427 million loan for Sri Lanka, hoping to shore up government coffers that have been ravaged by a massive trade deficit.

The International Monetary Fund on Monday approved a $427 million loan for Sri Lanka, hoping to shore up government coffers that have been ravaged by a massive trade deficit.

Economic Development Minister Basil Rajapaksa yesterday had said the rupee would stabilise once the IMF money came into the country’s $ 59 billion economy. “Some people are holding dollar conversions and I think they will bring them when they see the stability. The stability level will be a price suitable for importers, exporters and Government,” ...

Sri Lanka is to get a $ 400 million lifeline following what is anticipated as a favourable decision on the part of the International Monetary Fund (IMF). The IMF Board was scheduled to meet Monday evening Washington Time, and its Resident Representative Koshy Mathai is scheduled to hold a briefing

COLOMBO: Sri Lanka's rupee edged down on Monday on last-minute importer dollar demand for the upcoming new year season, and as traders shrugged off an expected $400 million inflow from the International Monetary Fund's latest release of a loan tranche.

Apr 01, Colombo: Sri Lanka's Treasury vehemently rejected a comment made by an opposition parliamentarian that the tax revision went into effect from March 31 was made on the requirements of the International Monetary Fund (IMF).

Apr 01, Colombo: The Executive Board of Directors of International Monetary Fund (IMF) is to meet tomorrow (April 02) to decide on releasing the final tranche of a US$ 2.6 billion stand-by agreement with Sri Lanka.

The Executive Board of Directors of the International Monetary Fund (IMF) meets tomorrow (Monday) for a crucial session to decide on the final tranche of a US$2.6 billion loan to Sri Lanka. The board will be considering the seventh review of an IMF mission that visited Sri Lanka last month ahead

The International Monetary Fund (IMF) will consider making a $ 400 million loan disbursement to Sri ..

Reuters: The International Monetary Fund (IMF) will consider making a $ 400 million loan disbursement to Sri Lanka at a 2 April meeting and the final $ 400 million tranche of a $ 2.6 billion loan a few months later, the global lender said on Friday. The IMF has withheld the loan tranche

Reuters: The BRICS group of emerging market nations will look at ways of pressuring the West to redress global economic imbalances amid growing frustration at the pace of change in institutions such as the IMF at a meeting in Delhi on Thursday. Brazil’s Trade and Industry Minister Fernando Pimentel told Reuters on the eve of ...

Reuters: The Head of the Central Bank said on Thursday it may stop supplying dollars to pay for oil import bills from May, its latest move to allow more rupee flexibility after it refrained from intervening in foreign exchange markets last month. The Central Bank shifted its foreign exchange policy to allow the market to ...

Immediately after the Vanni War, the International Monetary Fund (IMF) committed the worst financial misdeed of coming to the rescue of genocidal Sri Lanka in July 2009, by passing a whooping US$ 2600 million loan. Colombos Central Bank chairman AN Cabraal described the IMF decision

Following is an Economic Update compiled by Talaal Maruzook and Sanjeewa Fernando of CT SMITH Stockbrokers (Pvt) Ltd. titled ‘Rupee Volatility – In Search of Equilibrium’ On 10 February 2012, the Central Bank of Sri Lanka (CBSL) stated that it would limit its intervention in the Sri Lankan Rupee (SLR), resulting in a sharp, and ...

Reuters: Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to make the first concerted challenge to the U.S. grip on the top job at the World Bank, according to sources.  The two globally respected economists and diplomats will be nominated for the World Bank presidency by South Africa ...

The Janatha Vimukthi Peramuna (JVP) spokesman and parliamentarian Anura Kumara Dissanayaka in an interview with the Daily FT critiques the on-going sessions of the UN Human Rights Council (UNHRC), the state of bad governance, deteriorating law and order and the economic crisis in the country.  Following are excerpts from the interview.   Q;  What are your ...

Rupee recovers on State bank dollar supplies; stocks down Reuters: TWO State banks sold dollars to boost the rupee on Tuesday after it hit a record low of 131.60 a day earlier, despite strong importer demand for greenbacks due to the forthcoming April festive season. The rupee, however, retreated to close at 129.90/130.00 a dollar, ...