Sri Lanka, April 9 -- Colombo, April 9 () - Sri Lanka is hard-pressed against time to reach agreements with creditors including bondholders before June, when the third tranche of the International Monetary Fund (IMF) extended fund facility is expected, learns.

Sri Lanka is expected to get the next tranche of US $ 337 million in June after the third review of the programme.

Before that, Sri Lanka has to sign the MoU with the Paris Club of Nations on restructuring bilateral debts while signing a separate agreement with China for the same purpose but on terms acceptable to all the bilateral creditors.

Asked about the latest developments, a government source said the government to finalize the agreements in principle with commercial credit...