Economics
Sri Lanka Nears IMF Staff-Level Deal as Mission Extends Stay
- Lender to issue statement Thursday on Extended Fund Facility
- Nation’s president has said talks successful, in final stages
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Sri Lanka is nearing a staff-level agreement with the International Monetary Fund, according to people with knowledge of the situation, a key step to helping the crisis-hit country tap much-needed aid and recast its debt.
Negotiations have made progress and an agreement is likely to be reached, said the people, who asked not to be identified as the discussions are private.