Tag: Lanka IMF bailout package

Sri Lanka reaches debt-restructuring agreement

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Sri Lanka reaches debt-restructuring agreement

During the two days of talks with the IMF authorities, President Anura Kumara Dissanayake reiterated Sri Lanka’s position that some of the rigid IMF conditions must be watered down to grant relief to the public. | Photo Credit: AFP The Sri Lankan government has announced a long-delayed debt restructuring agreement with its sovereign bondholders, in…

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IMF’s bailout package: Sri Lanka’s new government says ‘committed’; hopes of renegotiating conditions

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IMF’s bailout package: Sri Lanka’s new government says ‘committed’; hopes of renegotiating conditions

Anura Kumara Dissanayake takes oath as Sri Lanka’s new president during a ceremony, in Colombo, Sri Lanka. File | Photo Credit: PTI The new Sri Lankan government, during its first meeting with the International Monetary Fund (IMF), said it is committed to the global lender’s $2.9 billion bailout package clinched by the previous Ranil Wickremesinghe…

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