Sri Lanka Nears IMF Deal on Funding While Debt Talks Proceed
The IMF is assessing Sri Lanka’s progress toward meeting economic targets.
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Sri Lanka is likely to clinch an agreement in the next several days that would help it tap more funds from the International Monetary Fund even though it’s still trying to firm up negotiations with creditors on debt restructuring.
Officials from the South Asian nation and the IMF are close to reaching a staff-level agreement following talks in Morocco this week, according to people involved in the discussions, who asked not to be identified because the matter isn’t finalized yet. Only a few outstanding issues remain, one person said, declining to provide more detail.