IMF Has Endorsed Our Economic Policy: Ravi Karunanayake

IMF Has Endorsed Our Economic Policy: Ravi Karunanayake
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Minister of Finance Ravi Karunanayake says that the government has accepted the second loan disbursement by the International Monetary Fund. Issuing a statement Minister of Finance Ravi Karunanayake said that the second loan installment is an endorsement by the IMF of the future of Sri Lanka’s economic direction.

Speaking to media at the Parliamentary Complex, Minister of Finance Ravi Karunanayake said that the IMF is convinced of our vision and of our fiscal discipline.

The IMF has approved 1.5 billion dollars as a loan for Sri Lanka mainly to strengthen foreign reserves. Of this the IMF has decided to disburse 325.2 million dollars for 2016 of which one installment was paid in June.

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