Sri Lanka Fails to Seal First Review of IMF’s Bailout, Talks to Continue

Sri Lanka Fails to Seal First Review of IMF’s Bailout, Talks to Continue

The International Monetary Fund (IMF) has wrapped up its visit to Sri Lanka without finalizing a staff level agreement for the first review of the country’s $2.9 billion bailout package. Sri Lanka has made significant progress in implementing much-needed reforms, which are starting to show positive results for the economy. The IMF acknowledged these efforts but stated that discussions will continue with the aim of reaching an agreement in the near future. The IMF’s visit and ongoing talks highlight the importance of stabilizing Sri Lanka’s economy and ensuring continued progress.

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TIS Staff

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