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COLOMBO, April 21 (Reuters) - The governor of Sri Lanka's central bank said
> on Tuesday that the country was close to finalising a loan agreement with
> the IMF, previously reported as being for $1.9 billion.
>
> The Sri Lankan rupee has been sliding on concerns that an agreement with
> the IMF is delayed. "We are on the verge of finalising details with the
> IMF," the governor, Ajith Nivard Cabraal, told Reuters. However, he declined
> to elaborate.
>
> He also said that Sri Lanka will get a $500 million loan facility from
> Libya.
>
> In March, the central bank said it was negotiating a $1.9 billion loan
> agreement with the International Monetary Fund to help the country weather
> the global financial crisis.
>
> Nandalal Weerasinghe, the chief economist at the central bank, said an IMF
> mission will visit Sri Lanka next week to do a safeguard assessment on the
> central bank before finalising the island's largest loan from the global
> lender.
>
> A safeguard assessment is carried out to determine the central bank's
> financial control systems and gauge its ability to manage IMF resources.
> (Additional reporting by Bryson Hull; Editing by Neil Fullick)