Sri Lanka aims to conclude debt talks by 2Q

Sri Lanka started formal talks last Friday as it seeks IMF board approval for the loan in December or January, local authorities said in a virtual presentation. - Reuters

COLOMBO: Sri Lanka aims to finalise debt-restructuring talks with international creditors by the second quarter of 2023, as it looks for early assurances from lenders to help unlock a US$2.9bil (RM13.3bil) loan from the International Monetary Fund (IMF).

Sri Lanka started formal talks last Friday as it seeks IMF board approval for the loan in December or January, local authorities said in a virtual presentation.