Wickremesinghe says IMF deal has been pushed back after unrest – Times of India


Sri Lankan President Ranil Wickremesinghe said on Saturday that a deal with the International Monetary Fund has been postponed until September due to the unrest in recent weeks, the Associated Press reports.
Wickremesinghe, in his first speech since he was elected by parliamentsaid that while he had then intended the prime minister to reach an agreement in early August, it has now been delayed by a month, the report said.
Wickremesinghe was named after former president Gotabaya Rajapaksaamong whom the talks with the IMF started in April, was impeached on 13 July.
The finance ministry said on Friday that Sri Lanka had resumed bailouts with the IMF after the new government took office and that talks had been very successful.
The country has a foreign debt of $12 billion to private creditors.

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