INSUBCONTINENT EXCLUSIVE:
The International Monetary Fund said its approval for a $2.9 billion loan to bail out crisis-riddled Sri Lanka will depend on the island
adopt a similar approach.Access to funds will boost foreign-currency reserves that are barely above $2 billion and help the nation curb
sky-high inflation, steer its $81 billion economy toward recovery after facing the worst recession since independence.Sri Lanka has about
$50 billion in foreign currency debt, of which about $10 billion is mainly split between China, Japan and India, according to government
data as of December.Source: Bloomberg-- Agencies
