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 $2.9 billion, which could be approved for disbursal next year.
(Reuters)
Latest Headlines
- Sri Lanka’s LGBTQ+ community holds Pride march, demands end to discrimination June 5, 2023
- India’s first international cruise from Chennai to Sri Lanka to be flagged off today June 5, 2023
- ‘Sandahiru Seya Charity Trust’ donates Dialysis Machine to Anuradhapura Hospital June 5, 2023
- Sri Lanka records lowest tourism monthly income of US$ 132 Million in May June 5, 2023
- JVP asks public not to be distracted by circuses June 5, 2023
- Litro LP Gas prices in Sri Lanka reduced from today (June 04) June 4, 2023
- Odisha train collision: Sri Lanka President expresses deep sorrow, assures support June 4, 2023