Sri Lankan IMF deal blocked by debt problems, governor says

Sri Lanka Central Bank HQ building
The Central Bank of Sri Lanka
Amithasundar

Sri Lanka will not receive an International Monetary Fund loan until it reaches debt agreements with China and India, its central bank governor said.

The IMF reached staff-level agreement with Sri Lanka on a $2.9 billion package in September, but its executive board has not yet approved the loan. The country could receive the funds in January if the two creditor countries reached an agreement on Sri Lanka’s debt repayments, P Nandalal Weerasinghe told the BBC

But experts warned that reaching

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