Exclusive: Sri Lanka expects up to $8 billion more in loans, asset restructuring
(Reuters / Dinuka Liyanawatte)
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.
“The president is interested in restructuring some of the (state) institutions, so through that if we can raise $2-$3 billion, our treasury and reserves become strengthened.”
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.
(Reuters)
Latest Headlines in Sri Lanka
- IMF third review talks with Sri Lanka successfully conclude November 22, 2024
- Professor Gomika Udugamasooriya appointed Senior Advisor to President on Science and Technology November 22, 2024
- Lohan Ratwatte’s wife further remanded until December 2, 2024 November 22, 2024
- Excavation begins near Veyangoda to uncover reported treasure November 22, 2024
- Thai vets plan to trim tusks of Muthu Raja, elephant repatriated from Sri Lanka November 22, 2024
