The International Monetary Fund on Thursday said it would delay releasing the third tranche of Sri Lanka's 2.6-billion-dollar bailout package until after the island's new budget in May.

The International Monetary Fund (IMF) says that the overall economic condition in Sri Lanka is improving as expected.

The International Monetary Fund said on Thursday it is delaying the third tranche of a $2.6 billion ..

Feb 25, Colombo: Sri Lanka, by a substantial amount exceeded the overall deficit target of 7 percent of GDP required to receive the third tranche of the US$ 2.6 billion stand-by agreement and disbursing the installment would be delayed until after the general elections, an International Monetary

By Shihar Aneez COLOMBO, Feb 25 (Reuters) - The International Monetary Fund said on Thursday it is delaying the third tranche of a $2.6 billion loan to Sri Lanka after the government missed its 2009 deficit reduction targets....

The International Monetary Fund said on Thursday it is delaying the third tranche of a $2.6 billion loan to Sri Lanka after the government missed its 2009 deficit reduction targets, Reuters reports. MORE...

The International Monetary Fund (IMF) office in Colombo issued the following statement today at the conclusion of a 10-day visit by a staff team from IMF headquarters, states a media release from the Central Bank of Sri Lanka. READ MORE....

The International Monetary Fund has consolidated that Sri Lanka’s economy was growing as expected. This was revealed by an IMF team headed by Brian Aitken which visited the island for discussions on performance and policies under the stand-by arrangement approved by the Board last year. Addressing

The International Monetary Fund (IMF) says that the overall economic condition in Sri Lanka is impro..

The third installment of the 2.6 billion US dollar loan to Sri Lanka by the International Monetary Fund (IMF) has been withheld as the government was unable to meet the target set by the IMF during the last quarter of 2009 and due to irregular financial management of the government. The government

(Lanka-e-News, Feb.27, 2010, 10.30AM) The International monetary Fund (IMF) which was to grant the third installment of the original loan amount of US $ 2.6 billion to Sri Lanka...

International Consultants Chairman Ranjiv Goonawardena had kindly invited the Sri Lanka Tourism Promotion Bureau to participate by showcasing the great opportunity that Sri Lanka has to offer, at the Islamic Real Estate Finance (IREF) Summit and Gala Dinner Awards Ceremony of which it was a sponsor. International Consultants sponsored for the second year the ninth ...

IT and skill development play a pivotal role, asserts Microsoft’s Harnick at ‘Accelerating Asia Pacific 2011’ summit By Cheranka Mendis in Malaysia The IT industry in Asia is expected to grow at a rate of 4.8% per year in a five year period beginning from 2008. The expected growth would generate 27 million jobs and ...

Parliament yesterday passed the 2012 budget with 151 votes for and 50 against, giving the nod to an overall increase in spending by 14 per cent and a shock 3% currency devaluation that has already been put into effect. The budget reading last week was overshadowed by the president’s announcement of a 3% currency devaluation ...

 Conflicting views remain after Budget’s 3% devaluation move PB says rupee should be market-driven; Cabraal says will defend Conflicting views on the country’s currency remain with Treasury Secretary Dr. P.B. Jayasundera saying it should be market-driven, whilst Central Bank Governor Nivard Cabraal maintains that it will be defended. The simmering or what seems to be ...

Multilateral donor emphasises devaluation should help exports, reserves Opines 2012 Budget consistent with earlier plans Withholds eighth tranche of $ 2.6 b loan; mission in Jan The International Monetary Fund said on Wednesday that Sri Lanka’s devaluation of its currency was a “step

The International Monetary Fund (IMF) said yesterday that Sri Lanka's devaluation of its currency was a good step and should support the nation's export competitiveness and safeguard its reserves.

A Budget generally brings mixed fortunes and the latest edition seems to be no different. Following the presentation by President Mahinda Rajapaksa, there was a wide range of reactions with the most shocking coming from the currency market that froze following the announcement to depreciate the rupee by 3%. Since then the rupee has hit ...

The International Monetary Fund said on Wednesday that Sri Lanka's devaluation of its rupee currency was a good step and should support the island-nation's export competitiveness and safeguard its reserves over the medium-term.

Senior Minister Sarath Amunugama said the next instalment of the International Monetary Fund (IMF) standby facility of US$2.6 billion is expected in the first quarter of next year and an...

Sri Lanka denied on Wednesday that it had devalued its currency at the demand of the International Monetary Fund to secure the rest of a $2.6 billion bailout.

Sri Lanka denied on Wednesday that it had devalued its currency at the demand of the International Monetary Fund to secure the rest of a $2.6 billion bailout.

The International Monetary Fund said on Wednesday that Sri Lanka’s devaluation of its rupee currency was a good step and should support the island-nation’s export competitiveness and safeguard its reserves over the medium-term.

The International Monetary Fund said on Wednesday that Sri Lanka's devaluation of its rupee currency was a good step and should support the island-nation's export competitiveness and safeguard its reserves...

COLOMBO: Sri Lanka’s president devalued the rupee currency by 3% in a shock monetary policy change that should boost export competitiveness and temper International Monetary Fund (IMF) pressure for exchange rate flexibility.

The rupee trading froze on Monday after President Mahinda Rajapaksa announced a surprise three per cent devaluation with immediate effect in the 2012 Budget speech to help exporters and cut import costs. Central Bank Governor Ajith Nivard Cabraal said the devaluation would take effect from Tuesday, but assured that there wouldn’t be any further cut ...

A delegation from the International Monetary Fund (IMF) is due to arrive in Sri Lanka to review the economic situation in January next year, officials said today.

COLOMBO (Reuters): Sri Lanka’s Supreme Court has ruled that the government’s controversial legislation to acquire so-called underperforming enterprises and under-utilised assets is consistent with the country’s constitution, parliament was told on Tuesday, despite some opposition. The government act, which was presented to parliament on Tuesday, will see the state acquiring 37 pr...

Following is the address delivered by Senior Minister for International Monetary Cooperation Dr. Sarath Amunugama at the fourth South Asia Economic Summit (SAES IV) Plenary Session: In the aftermath of the global economic crisis, there has been a noticeable shift in economic clout, moving from the USA and the debt-plagued countries of the Eurozone, to ...

Sri Lanka Economic Association Conference – Key takes at the inauguration By Dinali Goonewardene The Government in addition to domestic constraints faces a series of external and global constraints and the Sri Lanka Economic Association at its annual sessions from 13-14 October 2011 discussed this under the theme ‘Achieving National Economic Goals Amidst Global Challenges’. ...