Sri Lanka will hold discussions with the International Monetary Fund (IMF) over the next two months, reported LBO.
The discussions will be aimed at gaining an endorsement of the government's fiscal consolidation plan and at establishing a support mechanism for its balance of payments.
Depending on the outcome of the discussions, Sri Lanka may seek to raise up to 1.5 billion dollars from international markets this year.
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Earlier this month the IMF had urged the Sri Lankan government to get its public finances in order after the country missed its budget target.
Sri Lanka's central bank governor had previously said the country was "hammering out a way forward" with the IMF in order to repay Sri Lanka's large debt.
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