R.I.P. Whitney Houston
Whitney Houston: a brilliant, tragic life
Whitney Houston, who was found dead in a Beverly Hills hotel room, rose from a gospel church choir in New Jersey to become one of the best-selling and most-admired female singers of all time. Full Article | Video
Reuters Showcase
Worries over Future
Afghans fear the rich are preparing to shift money and lives from the country over fears of chaos. Full Article
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
INTERVIEW - IMF concerned on Sri Lanka's weak fiscal position
COLOMBO |
COLOMBO (Reuters) - The International Monetary Fund (IMF) on Wednesday said Sri Lanka's weak fiscal position is a concern for medium-term macroeconomic stability and fiscal reforms in the 2010 budget will be key to its $2.6 billion loan.
"The fiscal position is weak and this is a concern for the macro economy over the medium term," Koshy Mathai, the IMF's resident representative for Sri Lanka, told Reuters in an interview.
The IMF delayed the third tranche of the island nation's loan as the $42 billion economy overshot the end-2009 budget deficit target. An IMF mission is expected to visit Sri Lanka next week to review the disbursement of the next tranche of the loan.
"The disbursement of the next tranche is linked most importantly with the budget. What we looking for is the budget and meaningful steps towards reducing the deficit and also doing it in economically sensible way," he said.
(Reporting by Shihar Aneez; Editing by Miral Fahmy)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters