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

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 ...

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 ...

The International Monetary Fund (IMF) is optimistic of Sri Lanka's economic prospects and the country has taken several meaningful steps to thrust economic growth, said IMF Resident Representative in Sri Lanka Dr. Koshy Mathai.

The Central Bank yesterday downgraded Sri Lanka’s 2012 growth forecast to 7.2% from 8%, but in a move that was unexpected by the market, kept its policy rates unchanged. The new projections come at the time when the rupee has hit record lows and the Central Bank is struggling to maintain high reserves. The statement ...

I never saw so many bad hats in my life - Arthur Wellesely –Duke of Wellington-1769-1852 (On seeing the first Reformist Parliament) The statement quoted at the outset was made by the Duke of Wellington regarding the members of the then British Parliament. I leave it to the readers to decide whether the same statement would hold ...

Reuters: Sri Lanka’s economic growth forecast will be lowered to a range of seven per cent to 7.5 percent due to tighter monetary policy and a rupee depreciation aimed at cutting the trade and current account deficits, the Central Bank said on Monday. Central Bank Chief Economist Swarna Gunaratne also told Reuters the 2011 balance-of-payments ...

SRI LANKA’S fabled post-war window of opportunity seems to be closing, with the Central Bank following the International Monetary Fund (IMF) in reducing growth rates for 2012. But does that mean only gloom awaits Sri Lanka or can we ride out the tide and reach the golden shores? The Central

Reuters: The Central Bank will soon lower its 2012 growth forecast of eight per cent to a figure no lower than seven per cent, owing to tighter monetary policy measures and the depreciation of the rupee, the Bank’s overnor told Reuters on Friday. The bank had originally forecast this year’s growth at eight per cent, ...

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