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The International Monetary Fund is expected to give its verdict by Thu. on Sri Lanka’s request to delay interest payments, while the island’s Central Bank prepares to rollout the red carpet to welcome the Fund’s First Deputy Managing Director. The International Monetary Fund is expected to give its verdict by Thu. on Sri Lanka’s request to delay interest payments, while the island’s Central Bank prepares to rollout the red carpet to welcome the Fund’s First Deputy Managing Director. First Deputy Managing Director Anne Krueger makes a two day visit starting Jan. 19, to discuss how the Fund can help Sri Lanka recover from the Boxing Day tsunami that killed over 30,000 people and displaced over a million.

“The IMF is already considering favorably on an emergency basis the Sri Lankan government’s request for the highest possible assistance at concessional terms,” the Central Bank said Mon.

Sri Lanka’s Central Bank Governor Sunil Mendis wrote to the Fund last week to reschedule interest payments and secure some emergency credit.

IMF’s Resident Representative Jeremy Carter says the Fund is expected to respond favourably to postpone US$ 110 mn in interest payments due on loans taken in 2000/1 period.

The Fund’s Managing Director r