Sri Lanka to restart talks with IMF immediately: President
- Posted on September 25, 2024
- By Business News Today
- 4 Views
Sri Lanka to restart talks with IMF immediately: President
Sri Lanka's new president, Anura Kumara Dissanayake, has called for immediate talks with the IMF to renegotiate a $2.9 billion bailout. The bailout had helped stabilize the economy but imposed austerity measures. Dissanayake aims to reverse tax hikes, raise public servant salaries, and secure more concessions for the cash-strapped nation.