{"id":130657,"date":"2022-12-14T16:23:44","date_gmt":"2022-12-14T23:23:44","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=130657"},"modified":"2022-12-14T16:23:44","modified_gmt":"2022-12-14T23:23:44","slug":"sri-lanka-expects-up-to-usd-8-bn-more-in-loans-asset-restructuring-sabry","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/12\/14\/sri-lanka-expects-up-to-usd-8-bn-more-in-loans-asset-restructuring-sabry\/","title":{"rendered":"Sri Lanka expects up to USD 8 Bn more in loans, asset restructuring &#8211; Sabry"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Adaderana<\/em><\/span><\/h2>\n\n\n<p>Sri Lanka is expecting loans of up to USD 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 USD 3 billion through the restructuring of state assets.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Sri Lanka expects up to USD 8 Bn more in loans, asset restructuring - Sabry (English)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/MbuFo2mWwYs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Apart from what we get from the IMF, we are looking at all others, the multilaterals put together another USD 4 &#8211; USD 5 billion &#8230;,\u201d Ali Sabry said in an interview on Wednesday.<\/p>\n\n\n\n<p>The president is interested in restructuring some of the (state) institutions, so through that if we can raise USD 2 &#8211; USD 3 billion, our treasury and reserves become strengthened.\u201d<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><br><em><strong>Source: Reuters<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Adaderana Sri Lanka is expecting loans of up to USD 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 USD 3 billion through the restructuring of state assets. Apart from what we get from the IMF, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-130657","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/130657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=130657"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/130657\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=130657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=130657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=130657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}