COLOMBO Feb 12 Sri Lanka has decided not to
pursue a new loan from the International Monetary Fund as the
global lender has indicated it may not be in a position to
consider budget support to country, the central bank said on
The central bank said the IMF had indicated that Sri Lanka
does not warrant unconventional and exceptional financial
support in light of recent improvements in its fiscal situation.
"Sri Lankan authorities have decided not to pursue a new
programme with the IMF, but to continue maintaining the close
relationship with the Fund under standard consultation processes
similar to many other member countries," the bank said.
(Reporting by Shihar Aneez and Ranga Sirilal; Editing by Kim