SL does not need remaining installments of IMF loan - Amunugama

Economy stable:

By Saman Indrajith

International Monetary Cooperation Minister Dr. Sarath Amunugama told Parliament yesterday that Sri might not obtain the last two tranches of the IMF loan as the country’s income had improved.

 "The Country’s economy has been growing rapidly and our broader view is the strong growth will continue. Inflation is under control and therefore we may not need the last two installments of the IMF loan," the minister said participating in the adjournment debate on imports and exports.

The Minister said that government’s economic management was well balanced and the country had been included among the first five nations which had reported fastest growth in the recent past. The exports to Europe continued to grow despite the withdrawal of GSP Plus tariff facility. The number of foreigners coming to invest in the country was on the rise. "I have held official discussions with the IMF officials and we have not yet decided whether to obtain final two installments of an IMF loan or not. Most probably we may not take them since our economy is growing fast," the minister said.

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