INSUBCONTINENT EXCLUSIVE:
consider clearing the first review of a bailout next month, the global lender said on Thursday.The deal comes about a month after Sri
after its foreign exchange reserves dwindled to record lows.But since locking down the IMF bailout of $2.9 billion in March, the South Asian
island nation has managed to partly stabilise its economy, bring down runaway inflation and rebuild currency reserves.After receiving the
IMF money, Sri Lanka could get further funding from the Asian Development Bank and the World Bank, bringing the total amount to around $900
million, central bank Governor P
Nandalal Weerasinghe said last week.Source: Reuters
-Agencies
