Press Releases

Sri Lanka and the IMF

Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile




Press Release No. 05/5
January 13, 2005
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Approves Sri Lanka's Request for Extension of Repayment Expectations

The Executive Board of the International Monetary Fund (IMF) today approved the extension of repayment expectations by Sri Lanka arising in the remainder of 2005, in the amount of SDR 74.2 million (about US$ 113.5 million).

Sri Lanka requested this extension following the tsunami disaster on December 26 that caused enormous damage to life and property, fundamentally altering the outlook in Sri Lanka for 2005 and further increasing economic vulnerability. The extension of repurchase expectations to the Fund will lower debt service payments to the IMF by about US$ 113.5 million in 2005.




IMF EXTERNAL RELATIONS DEPARTMENT

Public Affairs    Media Relations
E-mail: publicaffairs@imf.org E-mail: media@imf.org
Fax: 202-623-6278 Phone: 202-623-7100