Dr. Sarath Amunugama states that USD of 1.5B can be expected from the IMF

Dr. Sarath Amunugama states that USD of 1.5B can be expected from the IMF

Dr. Sarath Amunugama states that USD of 1.5B can be expected from the IMF

Written by Staff Writer

10 May, 2016 | 10:15 pm

A media briefing was held at the Sri Lanka Freedom Party Headquarters on Tuesday, May 10.

Minister of Special Assignments, Dr. Sarath Amunugama stated that USD of 1.5 billion can be expected from the IMF but it is not the first time an amount as such has been received.

Explaining further, he noted that they have paid back most of the amount which is 2.5 billion that was received in 2009 by IMF and there is only another 40% to be paid.

He added that apart from 1.5 billion USD, a loan of 300 million was received from the World Bank and another provision of 300 million was also received a few days ago after the end of the Asian Development Bank Meeting.

Furthermore, he added that, as a rough amount a safety of two billion USD is obtained which is given in correlation to the budget and a financial aid to the budget.

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