Sri Lanka's new president says he'll restart talks with the IMF to find a way out of economic crisis
Sri Lanka’s new President Anura Kumara Dissanayake says that he will soon resume discussions with the International Monetary Fund and foreign creditors to plot a way out of the worst economic crisis in the country’s history
COLOMBO, Sri Lanka (AP) — Sri Lanka's new President Anura Kumara Dissanayake said Wednesday that he will soon resume discussions with the International Monetary Fund and foreign creditors to plot a way out of the worst economic crisis in the country's history.
“We expect to discuss debt restructuring with the relevant parties and complete the process quickly and obtain the funds.,” he said.
The future of the economic recovery plan drafted by former liberal President Ranil Wickremesinghe was called into question after Dissanayake, a Marxist, won the presidential election on Saturday.
During the campaign, Dissanayake said that he will renegotiate the bailout agreement with the IMF agreed by Wickremesinghe. He said he wants to make austerity measures more bearable for the poor.
