Fri, 29 Mar 2024 Today's Paper

SL meets all IMF loan targets

1 July 2012 03:15 am - 13     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka has met all June-end targets set by the International Monetary Fund (IMF) for the last tranche of a $2.6 billion loan, Central Bank Governor Ajith Nivard Cabraal said.

“We have met all the targets. Net domestic financing, net internal reserves, and the reserve money targets have been met,” Cabraal told Reuters.

After concluding a two-week assessment, an IMF mission June 15 said Sri Lanka’s policy measures including policy rate hikes, flexible exchange rate, and credit restrictions have been yielding results.

If satisfied, the global lender will disburse the last tranche of the $2.6 billion loan - around $420 million - by mid July. (Reuters)

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 13

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Rahu Sunday, 01 July 2012 03:54 AM

    Pls explain to citizen what is the interest to be paid by citizens. Do u knew the mistake what u did for rupees

    # Marzook Sunday, 01 July 2012 04:11 AM

    ohh we knw that very well!

    Sam Sunday, 01 July 2012 04:53 AM

    You borrow, will pay!

    weha Sunday, 01 July 2012 05:23 AM

    yes at the expense of the peoples happiness.

    Mushtaq Sunday, 01 July 2012 08:17 AM

    U party ! We cry !

    Sha Sunday, 01 July 2012 10:14 AM

    Wow! what an achievement of this gov?

    Manik Sunday, 01 July 2012 01:54 PM

    Cabraal you are an expert at taking loans and then paying back
    loans by taking some more loans. All in the name of development at the expense of poor Sri Lankans.

    Ami Sunday, 01 July 2012 02:21 PM

    Congrats Cabral , PB and MR ! U have done your part for this Land !

    Bushel Monday, 02 July 2012 02:19 AM

    A mudalali could have done better management of finance in this country

    CITIZEN Monday, 02 July 2012 03:51 AM

    Yes, of course, by getting more loans to settle previous loans! How wonderful!!!!

    Thaha Muzammil Monday, 02 July 2012 06:48 AM

    Why not rephrase the heading as "Sri Lanka meet all diktats of IMF"

    idiot Monday, 02 July 2012 07:03 AM

    Just for information:
    1 US$ to LKR 1 July 1992: Rs 44.17; 1 July 2002: Rs 96.30; 1 July 2012: Rs 134.00. It speaks for itself!

    dell Tuesday, 03 July 2012 09:57 AM

    What happened to the previous loans?


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H