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The IMF Mission for Sri Lanka is in Colombo holding talks with government and other stakeholders. Deputy Minister of Finance and Planning Dr. Sarath Amunugama (left) met Head of IMF Mission to Sri Lanka Dr. Brian Aitken. The IMF is delaying the disbursement of the third tranche under the US$ 2.6 billion standby facility after the government over shot the budget deficit target for 2009, reaching 9.8 percent of GDP. The IMF mission is expected to decide the fate of the programme after the next budget is presented in parliament and it is clear that the government intends to contain high deficits. |
Demand for govt securities good, private sector credit
sluggish
Public Debt Department keeps Treasury bill
rates down
Banks quiet, waiting for mini-budget and IMF mission report
More than Rs. 20bn in access in money market
SLPA to spend Rs. 7.2 bn on gantries and transfer cranes from China
Global conference agrees on roadmap
Worst forms of child labour to be eliminated by
2016
Turnover tops billion, both indices up
Retail focus on mid-price stock
