Sri Lanka expects IMF approval on $2.9b package soon

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Sri Lanka expects approval from the International Monetary Fund (IMF) to start disbursing $2.9 billion in the third or fourth week of March, President Ranil Wickremesinghe said on Tuesday.

Sri Lanka needs to repay about $6 billion to the IMF on average each year until 2029 and will have to keep engaging with the multilateral agency, Wickremesinghe told parliament.

Source(s): Reuters