COLOMBO: Sri Lanka expects the International Monetary Fund’s executive board to approve the first review of its $2.9 billion bailout by Dec. 6, the country’s treasury secretary said.

The approval would unlock $330 million in funding from the bailout, Mahinda Siriwardana said at a post-budget discussion on Monday which was accessed by Reuters.

Sri Lanka cabinet approves new electricity reforms bill

Sri Lanka is recovering from its worst economic crisis in more than seven decades.