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IMF sees stability in Sri Lanka's macroeconomic, financial conditions

Reuters  |  COLOMBO 

By Shihar AneezCOLOMBO (Reuters) - The International Monetary Fund (IMF) on Saturday said Sri Lanka's macroeconomic and financial conditions have begun to stabilize and the island nation's performance under its $1.5 billion loan programme is satisfactory. The global lender, after completing the first review of Sri Lanka's economic performance, also said inflation has trended down and the balance of payments has improved, though international reserves remain below comfortable levels.The completion of the review enables the second IMF disbursement of $162.6 million under the loan, bringing the ...

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First Published: Sat, November 19 2016. 23:03 IST