Sri Lanka's Bankruptcy to End Ahead of Election
Sri Lanka's Bankruptcy to End Ahead of Election
Sri Lanka's Bankruptcy to End Ahead of Election
News summary

Sri Lankan President Ranil Wickremesinghe announced that a critical meeting with international sovereign bondholders will take place on September 19, marking the final step towards officially resolving the country's bankruptcy. Wickremesinghe emphasized his administration's success in making Sri Lanka's debt sustainable, asserting that the country is on the path to economic recovery after overcoming significant challenges. He criticized opposition candidates Anura Kumara Dissanayake and Sajith Premadasa for failing to address the economic crisis sooner, while pledging to continue initiatives in smart agriculture and tourism. Meanwhile, the National People’s Power (NPP) has revealed its plans to negotiate with the IMF for alternative debt sustainability measures and address corruption benchmarks swiftly. As the presidential election approaches, Wickremesinghe's campaign focuses on the successes of his leadership in stabilizing the economy and restoring international confidence. The election will take place on September 21, with over 17 million registered voters eligible to cast their ballots.

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