Structural Support

Sri Lanka is to receive up to US$ 400 mn, which amounts to 100 percent of its SDR quotas, under the International Monetary Fund
quote s Poverty Reduction and Growth Facility.rn

rnThe long-term loan package is linked to the government
quote s three-year economic reform programme spelt out in the Regaining Sri Lanka paper and the Poverty Reduction Strategy paper, senior Finance Ministry officials said.rn

rnA top-level team from the IMF will leave Sri Lanka on Sunday, after a series of extensive talks with key government officialsrn

rnThe delegation also met officials from Peoples Bank and Bank of Ceylon, as well as other key state corporations that are being revamped to be privatised at a future date.rn

rnNegotiations for the long-term structural loan are in its concluding state, with the government expected to sign a draft memorandum of understanding within the coming days.rn

rnThe PRGF talks were initiated when the government received US$ 253 mn as stand by assistance from the IMF in April 2001. The