According to the State Minister of Finance Lakshman Yapa Abeywardhana, the government is expecting funds and loans from World Bank, International Monetary Fund (IMF), Asian Development Bank (ADB), Japan and Korea this year. These foreign funds are expected to make a serious impact on the value added tax (VAT), which could go down as far as 12%.

“Signing the staff-level agreement with IMF the Colombo Stock Exchange has gone up,” added Minister showcasing the result driven economic agenda of the Government.