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Thursday, May 2, 2024
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Home50-Word EditIMF has agreed to bailout Sri Lanka but testing times lie ahead

IMF has agreed to bailout Sri Lanka but testing times lie ahead

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Even though the IMF’s agreed to bail out economically-devastated Sri Lanka, the country’s far from safe harbour. The IMF requires that foreign creditors agree to restructure Lanka’s debts. Big-lender China, though, is reluctant to share the burden. The IMF’s also demanded tough fiscal and policy reforms. Testing times lie ahead.

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