Sri Lanka in talks with IMF to borrow at least $3b: sources ...Kuwait

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Sri Lanka in talks with IMF to borrow at least $3b: sources
source : The New Arab ( Kuwait ) () 15
Sri Lanka is in talks with the International Monetary Fund (IMF) to borrow at least $3 billion via the lender's extended fund facility (EFF), sources familiar with the matter told Reuters. The island state's government expects another round of technical talks with the IMF in early June and hopes to reach to a staff-level agreement as soon as the end of this month, two of the sources said, speaking on condition of anonymity. A spokesperson for the IMF didn't immediately reply to a request for comment. Spokespeople for Sri Lanka's finance ministry and central bank didn't respond to a request for comment. Sri Lanka has requested a rescue plan to overcome its worst econom

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