Sri Lanka banks on IMF deal to tap frozen billions ...Middle East

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COLOMBO: Sri Lanka voiced hope on Wednesday that a long-awaited IMF bailout would be finalised soon and help unfreeze billions of dollars in foreign aid for projects suspended since last year.Government spokesman Bandula Gunawardana told reporters that the International Monetary Fund was expected to give its board approval for a $2.9 billion bailout agreed at a staff level in September.“We are confident that the IMF board will give its approval,“ the minister said a day after the Washington-based lender confirmed Sri Lanka would be taken up at its March 20 board meeting.IMF managing director Kristalina Georgieva said in a statement that she welcomed the progress by Sri Lankan authorities in

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