IMF To Collaborate With Sri Lanka’s New President On $3 Billion Loan

The IMF is eager to collaborate with Sri Lanka’s new leftist president, Anura Kumara Dissanayake, on the review of the country’s $3 billion bailout package. The organization emphasized the need to discuss the timing of the 3rd review with the new administration. Dissanayake, who pledged to renegotiate the loan program, faces challenges due to strict fiscal criteria before further funding can be released.