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* Sri Lanka welcomes IMF move to close its office in Colombo
Wednesday, January 24, 2007, 13:56 GMT, ColomboPage News Desk, Sri Lanka.
"It's a good sign." - Treasury Secretary Jayasundara

Jan 24, Colombo: Sri Lanka today welcomed the International Monetary Fund's (IMF's) move to close its office in Colombo.

"There has been no need for us to use their facilities for the last three years. It's a good sign," Treasury Secretary Dr. P.B. Jayasundara told media this evening.

Earlier this month, the IMF announced the closure of its Colombo operation starting next week, as Sri Lanka was no longer borrowing money from it. Sri Lanka joined the IMF in 1950 and a Colombo office was opened in 1979 when Sri Lanka signed up for balance of payments support.

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