Thumbs Up! — Budget Update 5

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

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