The Sri Lankan government hopes to secure an Extended Fund Facility - which would be conditional on making economic reforms - to help battle the worst economic crisis since independence in 1948.
Ranil Wickremesinghe was appointed as president after Rajapaksa was ousted on July 13 by a popular uprising following months of severe shortages of fuel, food and medicines.The talks with IMF were highly successful and Sri Lanka is working with advisers to reach consensus on a deal with creditors, the government said.
The South Asian nation of 22 million has $12 billion overseas debt with private creditors. It defaulted on a bond payment earlier this year and is struggling to pay for imports of basic goods.
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