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Sri Lanka gets backing from IMF, bilateral creditors
Sri Lanka gets backing from IMF, bilateral creditors for $12.5 billion bondholder debt rework
Sri Lanka's $12.5 billion bondholder debt rework has received support from bilateral creditors and the International Monetary Fund, the finance ministry said in a statement on Friday, a huge boost to the island nation's fragile economy.
Sri Lanka's new president navigates IMF bailout amid austerity measures
The IMF responded by highlighting the importance of sustaining economic recovery efforts, which have led to revived growth, reduced inflation, and improved revenue mobilisation.
IMF asks Sri Lanka to protect hard-won gains
COLOMBO: Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said on Friday (Oct 4) as the country's new president sought changes to its US$2.
Statement at the End of IMF Staff Visit to Sri Lanka
An International Monetary Fund (IMF) team led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo October 2-4, 2024.
Sustaining reforms critical for Sri Lanka: IMF
Sri Lanka can draw down a fourth tranche of $336 million in IMF funds only if it is satisfied that leaders are sticking to the revenue and spending targets of the rescue plan.
Sri Lanka to Discuss Shape of IMF Deal During Oct Meetings in Washington
COLOMBO (Reuters) - Sri Lanka will have detailed talks with the IMF on the framework of a $2.9 billion bailout programme on the sidelines of the lender's annual meetings in Washington later this month, the country's cabinet spokesperson said on Tuesday.
Sri Lanka’s new president says he’ll restart talks with the IMF to find a way out of economic crisis
Sri Lanka’s new President Anura Kumara Dissanayake says that he will soon resume discussions with the International Monetary Fund and foreign creditors to plot a way out of the worst economic crisis in the country’s history.
Sri Lanka to begin talks with IMF to take forward $2.9 bln bailout, president says
Sri Lanka's new President Anura Kumara Dissanayake said on Wednesday that he plans to begin negotiations with the International Monetary Fund (IMF) immediately to take forward the country's $2.9 billion bailout programme.
Sri Lanka's New President Seek Changes To IMF Deal
Sri Lanka's new president Thursday urged the IMF to consider "alternative means" to continue with a $2.9 billion bailout that aided his country in the wake of a sovereign default but imposed painful austerity.
Sri Lanka: IMF delegation met with Sri Lanka's Government Officials
Colombo, Sri Lanka - October 03, 2024 A high-level IMF delegation met with Sri Lanka's economic team to discuss the progress of the Extended Fund Facility. Positive discussions focused on economic reforms & future collaboration under the new government.
Sri Lanka to move forward with third review of near $3 billion IMF bailout
Sri Lanka plans to move ahead with the third review of its nearly $3 billion programme of support from the International Monetary Fund, the new government said on Thursday, as the island nation seeks to emerge from its worst financial crisis in decades.
11h
New Sri Lanka Leader Meets IMF, Completes Deal Consultation
Sri Lanka’s new president stuck to his campaign promises of reducing taxes and providing other relief to citizens in his ...
6h
India’s foreign minister becomes the first such dignitary to visit Sri Lanka since the election
India’s Foreign Minister S. Jaishankar has met Sri Lanka’s newly elected President Anura Kumara Dissanayake in the first such ...
Ada Derana
3h
Sri Lanka announces successful completion of OCC and IMF consultation process
The Ministry of Finance stated that Sri Lanka has successfully completed consultations with the Official Creditor Committee ...
5h
on MSN
IMF, bilateral creditors back Sri Lanka on $12.5 billion bondholder debt rework
Sri Lanka's $12.5 billion bondholder debt rework has received support from bilateral creditors and the International Monetary ...
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International Monetary Fund
Colombo
Anura Kumara Dissanayake
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