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Sri Lanka govt in informal consultation with IMF: CB Governor

Dec 31, 2015 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran said that they are examining the possibilities of an International Monetary Fund (IMF) loan facility next year.
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“Yes we are examining the possibilities and the government are in informal consultation with the IMF,” Mahendran said. “A team is due here for regular discussions in February 2016.
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” However, he added that at the moment the islands reserves sufficient. “Our reserves are quite comfortable and we have four and a half months of imports and the country is in no dire need of emergency funding.” The Governor made these comments at a press conference held at the Central Bank, Thursday.
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