©Reuters. Sri Lankan Foreign Minister Ali Sabry attends a press conference to outline the country’s position on a resolution on its human rights record being discussed at the UN Human Rights Council amid the country’s economic crisis in Colombo, Sri Lanka
By Uditha Jayasinghe
COLOMBO (Reuters) – Sri Lanka expects loans of up to $5 billion from multilateral organizations next year alongside a deal with the IMF, the foreign minister told Reuters, adding that the government could invest up to $3 billion in restructuring state assets could raise billions of dollars.
“Other than what we’re getting from the IMF, let’s look at everyone else, the multilaterals have raised another $4 billion to $5 billion…” Ali Sabry said in an interview on Wednesday.
“The president is interested in restructuring some of the (government) institutions. So if we can raise $2 billion to $3 billion, our treasury and reserves will be strengthened.”
Sri Lanka, grappling with its worst economic crisis in more than seven decades, reached an IMF staff agreement in September for a $2.9 billion loan that could be approved for disbursement next year.
More Stories
25 Best GPT Sites in 2023
US House Republicans Seek Impeachment of Biden’s Chief Border Officer By Reuters
“Reduce onion harvest losses to strengthen local supply”