The government is hopeful of receiving US$700 million from the International Monetary Fund (IMF) on May 27, the Deputy Minister of Finance and Planning, (Prof.) Anil Jayantha Fernando has stated.
Speaking in Parliament today (21), the Deputy Minister said Sri Lanka is continuing efforts to strengthen foreign exchange inflows through exports, foreign remittances and international financial assistance.
He expressed confidence that the IMF Executive Board would approve the release of the next tranche amounting to US$700 million later this month.
Deputy Minister Anil Jayantha further stated that Sri Lanka could also obtain up to US$480 million from the Asian Development Bank (ADB) during this year.
In addition, he said the country was expecting US$150 million from the World Bank and another US$50 million from an affiliated institution.
The Deputy Minister noted that the government did not anticipate any major difficulties in managing the country’s foreign exchange situation.
