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Sri Lanka central bank says deal with IMF close to being finalised.

Global Banking News-21 April 2009-Sri Lanka central bank says deal with IMF close to being finalised(C)2009 ENPublishing - http://www.enpublishing.co.uk

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.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Apr 21, 2009
Words:147
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