(April 30, Colombo, Sri Lanka Guardian) The $1.9 billion Stand-By Arrangement (SBA) facility sought by the Sri Lanka government from the IMF has now reached an advanced level of finalization with an IMF team currently in Colombo, the Central Bank said on Thursday.
“In this regard, the Sri Lankan delegation to the IMF Spring Meetings held several discussions with senior staff of the IMF. Further, a Safeguards Assessment mission from the IMF is now in Colombo having discussions with senior officials of the government and the Central Bank as a part of the process,” it said in a statement. The statement came just as Reuters news agency reported from Washington that the US administration has asked the IMF to delay the loan to Sri Lanka. -Sri Lanka Guardian
Home Unlabelled IMF team in Colombo to discuss $1.9 bln loan
IMF team in Colombo to discuss $1.9 bln loan
By Sri Lanka Guardian • April 30, 2009 • • Comments : 0
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