Sri Lanka Engages IMF for $2.9 Billion Bailout Program Talks

Sri Lanka plans to engage in in-depth negotiations with the International Monetary Fund (IMF) regarding a $2.9 billion bailout program during the lender's annual meeting in Washington later this month. The delegation will include the central bank governor, treasury secretary, and financial advisers to the new president.

Sri Lanka is set to deepen its discussions with the International Monetary Fund (IMF) concerning a $2.9 billion bailout program at the lender's annual meetings in Washington later this month, according to a government spokesperson.

The Sri Lankan delegation, led by the central bank governor, treasury secretary, and financial advisers to newly-appointed President Anura Kumara Dissanayake, will head to Washington for the crucial talks, said Minister Vijitha Herath during a news briefing on Tuesday.

As the island nation grapples with economic challenges, the upcoming IMF discussions are being viewed as a critical juncture in securing financial aid and creating a robust framework for economic recovery.

(With inputs from agencies.)