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IMF To Work With Sri Lanka's New President On $3 Billion Loan
The International Monetary Fund said it's looking forward to working with Sri Lanka's newly elected leftist president, including on the latest review of the country's $3 billion bailout package.
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IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
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Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
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World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
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World Bank Approves $700 Million For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
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Sri Lanka Must Achieve Debt Restructuring By September: IMF
The International Monetary Fund on Tuesday reaffirmed that Sri Lanka must achieve its debt restructuring process by September, which is also the time for the global lender's formal review of the bailout facility it extended to the nation.
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Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
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Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
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IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka
The IMF has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone".
-
IMF Approves $2.9 Billion Bailout For Sri Lanka
Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9 billion bailout, raising hopes for an easing of the island nation's dire economic crisis.
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Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
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Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
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China Backs Sri Lanka Debt Plan, Clears Way For $2.9 Billion IMF Deal
China has given assurances that it will support Sri Lanka's debt restructuring, clearing the biggest hurdle for the debt-ridden country to secure a much-needed $2.9-billion bailout package from the IMF, President Ranil Wickremesinghe said today.
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Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
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Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
-
IMF To Work With Sri Lanka's New President On $3 Billion Loan
The International Monetary Fund said it's looking forward to working with Sri Lanka's newly elected leftist president, including on the latest review of the country's $3 billion bailout package.
-
IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
-
Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
-
World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
-
World Bank Approves $700 Million For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
-
Sri Lanka Must Achieve Debt Restructuring By September: IMF
The International Monetary Fund on Tuesday reaffirmed that Sri Lanka must achieve its debt restructuring process by September, which is also the time for the global lender's formal review of the bailout facility it extended to the nation.
-
Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
-
Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
-
IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka
The IMF has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone".
-
IMF Approves $2.9 Billion Bailout For Sri Lanka
Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9 billion bailout, raising hopes for an easing of the island nation's dire economic crisis.
-
Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
-
Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
-
China Backs Sri Lanka Debt Plan, Clears Way For $2.9 Billion IMF Deal
China has given assurances that it will support Sri Lanka's debt restructuring, clearing the biggest hurdle for the debt-ridden country to secure a much-needed $2.9-billion bailout package from the IMF, President Ranil Wickremesinghe said today.
-
Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
-
Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
