Releasing of Next IMF Loan Instalment to Srilanka

The International Monetary Fund (IMF) Board has decided to release the next  loan  installment  of  US$ 167.2 million to Srilanka. The IMF agreed to grant a loan of US$ 1,1 billion within a period of 3 years. With this instalment , Srilanka received total of US$ 501.5 million. The secondary study carried out  by the IMF  prior to release of next loan installment has revealed  a satisfactory economic  performance. The IMF has expressed its satisfaction particularly the   Inland Revenue Act, which will assist Finance combination and Tax and resources of social development.