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IMF, Sri Lanka
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 Fund, the finance ministry said on Friday, a huge boost to the island nation's fragile economy.
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.
Sri Lanka to Move Forward With Third Review of Near $3 Billion IMF Bailout
Sri Lanka needs to complete the third review of its IMF programme in order to receive about $337 million in funds and support the finalisation of a $12.5 billion debt restructuring with bondholders. (Reporting by Uditha Jayasinghe, writing by Pushkala Aripaka; Editing by Hugh Lawson)
Sri Lanka’s new government upholds predecessor's controversial debt restructuring agreement
The debt restructuring is a key International Monetary Fund demand to rebuild the island’s economy, which suffered its worst crisis in 2022 when it shrank by 7.8 percent
Cash-strapped Sri Lanka reaches crucial debt-restructuring agreement with bondholders
Sri Lankan authorities have “completed their consultations with Sri Lanka’s Official Creditor Committee (OCC) and the International Monetary Fund (IMF),” the official statement said. It added that the agreement is compatible with the comparative treatment principle.
Sri Lanka approves controversial foreign debt deal
COLOMBO: Sri Lanka's new government has approved a controversial restructure of US$14.7 billion in foreign commercial credit tentatively agreed by its predecessor, the finance ministry said Saturday (Oct 5).
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.
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.
Ada Derana
9h
IMF acknowledges Sri Lanka’s progress, warns of ongoing vulnerabilities
However, Kozack reiterated that Sri Lanka’s performance under the programme is strong, and reform efforts are bearing fruit ...
1d
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 ...
ndtvprofit
5h
Sri Lanka's Marxist-Led Government Secures Debt-Restructuring Agreement
Sri Lankan authorities have completed their consultations with Sri Lanka's Official Creditor Committee and the International ...
9d
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 ...
1d
on MSN
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 ...
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