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Crisis-hit Sri Lanka plans donor conference, interim budget in August

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'We need the support of India, Japan, and China who have been historic allies,' Sri Lankan Prime Minister Ranil Wickremesinghe tells parliament.

, is considering an appeal from Sri Lanka to renegotiate the terms of a yuan-denominated swap worth $1.5 billion to fund essential imports.The government also delayed publication of its first quarter gross domestic product data, due on Wednesday, because its census and statistics department did not receive all required inputs on time, an official said.

“We are working to get the growth numbers out as soon as possible but it will probably take a few days due to delays and staff shortages,” said Anura Kumara, director general of the Census and Statistics Department. Negotiations with an IMF team, which arrived in Sri Lanka’s commercial capital Colombo this week, have made progress, with a staff-level agreement with the lender likely by the end of the month, Wickremesinghe said.

 

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