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IMF ready to give the fifth loan instalment

ITN News Editor
By ITN News Editor February 11, 2019 19:23

IMF ready to give the fifth loan instalment

The International Monetary Fund has drawn its attention to granting the fifth loan instalment with respect to the assistance given to Sri Lanka.
The granting of the loan was postponed following the political crisis that occurred during the recent past. Of the loan of 1500 million U.S. Dollars, representatives of the Intentional Monetary Fund are due to arrive in the island to discuss the granting of the fifth installment. Reports said that they are due in the island next week.
The International Monetary Fund had agreed to grant a loan of 1500 million US Dollars to Sri Lanka for the period 2016 to 2019. Agreement was reached to grant this loan in six instalments. Four of the instalments had already been provided.

ITN News Editor
By ITN News Editor February 11, 2019 19:23
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