World Bank says its poverty reduction funds can still be drawn on schedule if the IMF review is completed soon.
The December tranche of the PRGF has been held back pending the settlement of political uncertainty and the government completing some key reforms.rn
rnWorld Bank has to submit its review to the board by May, allowing time for IMF and the government to resolve outstanding issues.rn
rnldblquote World Banks core program PRGF ad PRSC its sister operations- they have to proceed together. For us to support structural reforms in the absence of any macro economic framework would not serve any purpose -so we dont do it.
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Any delays in the review can affect our timing,
dblquote Peter Harrold, Country Director, World Bank said.rn
-LBR Newsdesk: LBOEmail@vanguardlanka.comrn