Sri Lanka central bank says deal with IMF close to being finalised.
Global Banking News - 21 April 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
The central bank of Sri Lanka has said that a deal with the IMF is close to being finalised by the bank.
The governor of Sri Lanka's central bank said on Tuesday that the country was close to finalising a loan agreement, believed to be worth USD1.9bn, with the IMF.
The value of the Sri Lankan currency had been declining on concerns that a deal with the IMF is getting delayed. The country is also close to receiving financial assistance of USD500m from Libya.
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