Sri Lanka has utilized USD 121 mln from its initial USD 330 mln IMF loan tranche to repay part of an Indian credit line. The funds from the IMF deal were credited to a treasury account, allowing for debt settlement. That is a departure from the past, where IMF money was credited to the central bank. Additionally, Sri Lanka is in negotiations with RBI for an Indian rupee swap worth up to USD 1 bln, according to presidential adviser Coomaraswamy at a forum on Friday. Meanwhile, producer prices in Sri Lanka rose by 83% YoY in January, showing a slowdown from the previous month’s 88.3% increase. Producer prices increased by 0.4% MoM in January.