COLOMBO: The International Monetary Fund asked Sri Lanka Tuesday to speed its debt restructuring and warned any delays could undermine efforts to overcome the country's worst economic crisis.Sri Lanka expected a quick deal with creditors shortly after defaulting on its $46 billion foreign debt in April last year, but restructuring talks began in earnest only last month.The economic crisis led to severe shortages of food, fuel and medicines last year and triggered months of protests that led to the toppling of former president Gotabaya Rajapaksa in July.The new government secured a $2.9 billion bailout from the IMF in March under a 48-month programme that commits Colombo to painful reforms.Co
Hence then, the article about imf asks sri lanka to speed debt restructuring was published today ( ) and is available onDaily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( IMF asks Sri Lanka to speed debt restructuring )