Reuters reports Sri Lanka to begin talks with IMF – Reuters News Agency

Reuters exclusively reported that Sri Lanka would begin talks with the International Monetary Fund (IMF) in April to help the crisis-hit country, where a foreign exchange shortage has squeezed essential imports amid looming debt payments. Ending months of government reluctance over approaching the IMF for assistance, sources told Reuters that Sri Lanka’s Finance Minister Basil Rajapaksa was preparing to fly to Washington D.C. to meet with senior officials from the multilateral lender. The decision to go to the IMF was confirmed by a cabinet spokesman on March 15.