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IMF stands ready to support Sri Lanka as debt restructuring nears completion

The Economic Times, carrying Reuters, reports an IMF official called Sri Lanka's fiscal performance very strong.

1 Source, 26m ago, first seen 26m ago

TLDR

Reuters, carried by The Economic Times, reports that IMF official Sonali Jain-Chandra called Sri Lanka's macroeconomic situation “much improved” and its debt restructuring largely complete. A staff-level agreement reached earlier in October could unlock about $345 million, pending completion of an IMF review. Jain-Chandra said the fund would continue engaging with Sri Lanka on a new financial arrangement and policy advice.

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