Exclusive-Sri Lanka expects up to $8 billion more in loans, asset restructuring

admin

Administrator
Jun 17, 2007
66,216
0
36
49
Canada
Sri Lanka is expecting loans of up to $5 billion next year from multilateral agencies besides a deal with the IMF, the foreign minister told Reuters, adding that the government could raise up to $3 billion through the restructuring of state assets. "Apart from what we get from the IMF, we are looking at all others, the multilaterals put together another $4-$5 billion ...," Ali Sabry said in an interview on Wednesday. Struggling with its worst economic crisis in more than seven decades, Sri Lanka reached an IMF staff-level agreement in September for a loan of $2.9 billion, which could be approved for disbursal next year.
 
Back
Top