The IMF can’t say when its board will approve giving Sri Lanka $2.9 billion.
A spokesman stated the period depends on creditor negotiations.
The Sri Lankan government expects the IMF board to approve the 2.9 billion dollars agreed by staff by December.
IMF Sri Lanka Senior Mission Chief Peter Breuer and Sri Lanka Mission Chief Masahiro Nozaki told Nikkei Asia that debt relief negotiations take time. Parties should accelerate talks. Sri Lanka can rapidly escape its problems.”
