Sri Lanka: Use of Fund Resources—Request for Emergency Assistance
Volume/Issue:
Volume 2005
Issue 084
Publication date: March 2005
ISBN: 9781451823547
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , government , reconstruction effort , debt payment , G-7 , tourism sector , impact of the tsunami , Sri Lankan authorities , Emergency assistance , Monetary base , Imports , International reserves , Central Asia , Global
Summary
This paper evaluates Sri Lanka’s Request for Emergency Assistance. The Sri Lankan authorities have requested a purchase in an amount of SDR 103.35 million under the IMF’s policy for emergency assistance related to natural disasters. In line with IMF policy for Poverty Reduction and Growth Facility (PRGF)-eligible countries, they have also requested the provision of subsidies to reduce the rate of charge to concessional terms. Reconstruction and rehabilitation will support growth momentum in 2005.
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