Sri Lanka’s president backtracks on IMF pledge as Colombo secures next bailout tranche

Sri Lankan President Anura Kumara Dissanayake has reversed his earlier commitment to renegotiate the terms of the International Monetary Fund (IMF) bailout program, as the global body decided to approve the release of $333 million as part of the third review of Sri Lanka’s $2.9 billion Extended Fund Facility (EFF).


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