Sri Lanka, March 1 -- Sri Lanka's Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma says that given the situation the country was in, the IMF Executive Board approving the fourth tranche of the bailout package is an important milestone.

"It's an important outcome because it adds up to the equation on continuation and consistency on the path to create the economic stability," he told reporters in Colombo today (01).

The IMF Executive Board on Friday completed the third review 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 ...