Sri Lanka will go deep into discussions with the IMF on the structure of a $2.9 billion bailout programme during the lender's annual meetings in Washington later this month, the country's cabinet spokesperson said on Tuesday.

IMF delegation to discuss bailout plan with Sri Lanka

Sri Lanka's government has unveiled its ambitious 2024 budget, aiming for a lower-than-anticipated deficit while projecting a significant surge in revenues crucial for sustaining its International Monetary Fund (IMF) bailout program, Reuters reported on Monday.

Sri Lanka's ambitious 2024 budget targets higher revenues and a controlled deficit

The International Monetary Fund on Friday said that its team will travel to Sri Lanka next week to resume aid talks. Formal negotiations on a fresh package for the struggling country started in June but were derailed by the political unrest that forced the now ex-president Gotabaya Rajapaksa to resign and then flee after a horde of protestors dramatically overtook the presidential palace.

IMF-Sri Lanka talks to resume next week

Sri Lankan President Gotabaya Rajapaksa has declared a state of emergency for the second time in two months as protest against the ruling establishment over inflation and economic crisis rages on.

Sri Lanka declares state of emergency again as anti-govt protest rages on

Sri Lankan President Gotabaya Rajapaksa admitted his government is "not delivering" as shortages persist of food, medicines and other essential items because of a dire foreign exchange squeeze.

Sri Lanka President Gotabaya Rajapaksa admits to 'not delivering' amid economic struggle