INSUBCONTINENT EXCLUSIVE:
Harshana Suriyapperuma says that given the situation the country was in, the IMF Executive Board approving the fourth tranche of the bailout
under the 48-month Extended Fund Facility (EFF) Arrangement for Sri Lanka, allowing the government to draw SDR 254 million (about US$334
million).The deputy minister stated that contrary to the belief of many, the government took several rational measures, calculation
was to facilitate the debt restructuring program support the business ecosystem, facilitate the market mechanism to continue, intervene in a
proportionate approach whenever it was necessary particularly when the prevailing mechanisms were unable to deliver the mandate of the
result of the positive outcome and that will take the total disbursements up to USD $1.34 billion of the total package of nearly USD $2.9
billion over a 48-months period that it is to be delivered.
