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Thumbs Up! — Budget Update 5

ldblquote We will make our recommendations to the board within the next three days.
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The board will decide on the trench payment by late April dblquote , IMF Senior Representative, Dr.


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Nadeem Ul Haque told Lanka Business Online.

rnrnThere is a possibility that the fund would combine two-tranch payments of US$ 30 mn each for the April release.

rnrnDr. Ul Haque expressed the fund quote s satisfaction about the budget saying it ldblquote sets a direction for the future and clears the revenue system dblquote .

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rnrnHowever, he emphasised the need for a ldblquote fast and strong dblquote implementation of the reforms spelled out in the budget, to attract much needed foreign direct investment.rnrn

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