It said signs of an economic recovery were emerging.
COLOMBO - The International Monetary Fund approved the third review of Sri Lanka 's $2.9 billion bailout on Saturday but warned that the South Asian economy remains vulnerable.
The country still needs to complete a $12.5 billion bondholder debt restructuring and a $10 billion debt rework with bilateral creditors including Japan, China and India to take the programme forward, the IMF said. Staying in line with tax revenue requirements and continuing reforms of state-owned enterprises will remain crucial to hitting a primary surplus target of 2.3% of gross domestic product next year, said IMF Senior Mission Chief Peter Breuer, wrapping up a delegation visit to the capital Colombo.
An interim budget is expected to be presented to parliament in December, Sri Lanka's new president, Anura Kumara Dissanayake, said this week. He hopes to complete the debt restructuring by the end of December.
Sri Lanka Bailout Loan Economy
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
IMF approves third review of Sri Lanka's $2.9 billion bailoutThe island nation's economy is expected to grow 4.4% this year
مزید پڑھ »
Sri Lanka's new leader sticks within IMF 'guardrails'Sri Lanka's new leftist government has agreed to press ahead with a controversial IMF bailout programme that involves tough austerity and economic reforms, the international lender announced Saturday.
مزید پڑھ »
Sri Lanka's president makes U-turn on IMF bailoutSri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.
مزید پڑھ »
Sri Lanka expects IMF staff level agreement on Friday to release further bailout fundsA delegation from the International Monetary Fund is in Colombo
مزید پڑھ »
Rain ruins Sri Lanka's final ODI against New ZealandThe third and final ODI between New Zealand and Sri Lanka was abandoned due to persistent rain.
مزید پڑھ »
Sri Lankan Batters Stage Strong Comeback Against Pakistan ShaheensSri Lanka ‘A’ built a strong 221-run lead over Pakistan Shaheens by stumps on the third day of the first four-day match
مزید پڑھ »