{"id":132802,"date":"2023-03-08T15:42:27","date_gmt":"2023-03-08T22:42:27","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=132802"},"modified":"2023-03-08T15:42:27","modified_gmt":"2023-03-08T22:42:27","slug":"sri-lanka-negotiating-to-extend-1-billion-credit-line-from-india-imf-loan-approval","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/03\/08\/sri-lanka-negotiating-to-extend-1-billion-credit-line-from-india-imf-loan-approval\/","title":{"rendered":"Sri Lanka Negotiating to Extend $1 Billion Credit Line from India &#038; IMF Loan Approval"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Hiru News<\/em><\/span><\/h2>\n\n\n<p>Sri Lanka is negotiating with India to extend a 1 billon dollar credit line by a few months, according to sources, as the island nation tries to line up funds for the rest of the year while the IMF looks set to approve a 2.9 billion dollar loan for it soon.<\/p>\n\n\n\n<p>The credit line is due to expire on March 17 with Sri Lanka having used only about two-thirds of it, mainly for medicines and food.<\/p>\n\n\n\n<p>The extension talks come as the economy improves and forex reserves rise for Sri Lanka.<\/p>\n\n\n\n<p>A source at the Sri Lankan Finance Ministry said the government wanted to extend the credit line by 6 to 12 months because there was about 300 million dollars of it left unused.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Hiru News Sri Lanka is negotiating with India to extend a 1 billon dollar credit line by a few months, according to sources, as the island nation tries to line up funds for the rest of the year while the IMF looks set to approve a 2.9 billion dollar loan for it soon. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[193],"tags":[],"class_list":["post-132802","post","type-post","status-publish","format-standard","hentry","category-imf-bailout-package"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/132802","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=132802"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/132802\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=132802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=132802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=132802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}