(Reuters) - Sri Lanka is expecting loans of up to $5 billion next year from multilateral agencies besides a deal with the IMF, Foreign Minister Ali Sabry told Reuters, adding that the government could raise up to $3 billion through the restructuring of state assets. “Apart from what we get from the IMF, we are looking at all others, the multilaterals put together another $4 to $5 billion ...,”Sabry said in an interview on Wednesday.
“The President is interested in restructuring some of the (state) institutions, so through that if we can raise $2 to $3 billion, our treasury and reserves become strengthened.”
Struggling with its worst economic crisis in more than seven decades, Sri Lanka reached an IMF staff-level agreement in September for a loan of $2.9 billion, which could be approved for disbursal next year.
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