Sri Lanka has asked for 1.9 billion US dollars after the country lost about two-thirds of its foreign reserves or about 2.0 billion US dollars since last September.
It is not the usual practice of the IMF to replace all the lost reserves, under a standby arrangement, though the Fund also takes into consideration near-term financing needs of the country as well as the size of the country's domestic money supply.
There had been expectations before the mission arrived that a deal would be ready by the first or second week of April if negotiations progressed rapidly and Sri Lanka was willing to accept prudential measures needed to stabilize the economy.
From September to Jan