Sri lanka hopes it will receive an International Monetary Fund (IMF) bailout package by next week to aid its struggling economy, Finance Minister Ravi Karunanayake said on Saturday.
“The good news is that it could be forthcoming next week,” he said after talks with the IMF representatives. He said there will be more good news from Japan and China over budgetary support.
lanka seeks 1 billion to $1.5 billion loan from IMF as its efforts to tide over the present economic woes. Its foreign reserves have dwindled throughout 2016 while the rupeehad depreciated.