An IMF staff mission is expected in Colombo next month to conduct the next review under the fund’s Stand By Arrangement (SBA) programme, the Central Bank (CB) said.
It said the sixth tranche is expected to be released on completion of this review.
The CB said Sri Lanka successfully achieved the key September 2010 programme targets, namely, Net International Reserves (NIR), Reserve Money (RM) and Net Domestic Financing (NDF) under the IMF-SBA. “This outcome indicates the successful progress Sri Lanka has made since the approval of the SBA facility in July 2009. So far, under the programme, Sri Lanka has received five tranches totalling $1.2 billion, out of the total facility of approximately $2.6 billion,” the statement added.