Sri Lankan Central bank governor warns turmoil impedes talks with IMF

'I would like to have a stable political administration, the sooner the better, for us to make progress, mainly on the programmes we are negotiating with the IMF'

Sri Lanka's central bank governor signalled on Monday he would stay in the job but warned that prolonged political instability in the country may delay progress on negotiations with the International Monetary Fund for a bailout package.

Governor P. Nandalal Weerasinghe, who has been holding bailout talks with the IMF since taking office in April, had told reporters in May he could resign if there was no political stability in the island nation of 22 million that is facing its worst economic crisis in seven decades.

President Gotabaya Rajapaksa plans to resign on Wednesday while Prime Minister Ranil Wickremesinghe has also offered