Sri Lanka's interim NPP government seeks to renegotiate IMF terms for debt restructuring and easing living costs.
Sri Lanka's interim NPP government is seeking to renegotiate IMF conditions set by the previous regime, focusing on debt restructuring and easing the cost of living for citizens. While facing criticism for alleged overborrowing, they clarify these are not new loans. The government aims to use long-term project loans instead of International Sovereign Bonds. Meanwhile, the IMF has delayed its next review of Sri Lanka's economic situation amid ongoing debt restructuring efforts.
October 28, 2024
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