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Sri Lanka Seeking Up to $4 Billion as IMF Talks Set to Start

  • Finance Minister Sabry to lead delegation for talks with IMF
  • Expects emergency aid a week after IMF talks start April 18
A demonstration in front of the Presidential Secretariat office in Colombo on April 12.
A demonstration in front of the Presidential Secretariat office in Colombo on April 12.Source: NurPhoto
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Sri Lanka needs between $3 billion to $4 billion this year to pull itself out of an unprecedented economic crisis and plans to start talks with the International Monetary Fund for help, Finance Minister Ali Sabry said.

The nation is looking at making a “decent case” before the IMF to help preserve the economy, he said in an interview to Bloomberg Television’s Yvonne Man and David Ingles. Sabry said talks are scheduled to begin in Washington on April 18 and he expects emergency relief funds a week later, if things go well.