Never recommended postponing LG elections - IMF

The International Monetary Fund (IMF) today said that it did not interfere in the Local Government election processes and had never recommended postponing those elections in Sri Lanka.

Speaking during a press briefing, IMF Mission Chief for Sri Lanka Masahiro Nozaki said that the first tranche of the loan would be released in the next couple of days.

He also said that the disbursement could be converted into rupees and could be used to repay Government loans and other expenditures.