Sri Lanka Discusses $2.9 Billion IMF Bailout
Sri Lanka Discusses $2.9 Billion IMF Bailout
Sri Lanka Discusses $2.9 Billion IMF Bailout
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Sri Lanka is preparing for crucial discussions regarding its $2.9 billion bailout program with the IMF at the upcoming annual meetings in Washington from October 21-26. A delegation led by the central bank governor and financial advisers to President Anura Kumara Dissanayake will seek the disbursement of a fourth tranche of approximately $337 million following the third review of the bailout program. An IMF team is scheduled to visit Colombo for preliminary talks on economic developments and reforms, although a full evaluation of the program will not take place during this visit. The new government has expressed the need to reassess the IMF program, particularly concerning domestic debt restructuring and ongoing negotiations with international bondholders. Investors remain concerned that any changes proposed by the Dissanayake administration could delay future disbursements, but the president has assured that the program will continue under his leadership.

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