Sri Lanka expects the second tranche of its IMF programme on Dec. 12, cabinet spokesperson and transport minister Bandula Gunawardane told reporters at a weekly cabinet briefing on Wednesday.

The IMF Executive Board will consider the first review of the island’s $2.9 billion bailout on Dec. 12 after which a second tranche of about $334 million can be released.

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The island nation also expects to wrap up technical level discussion of a trade and services deal with India by March 2024, Gunawardane said.