Published

Sri Lanka’s new leftist government sticks within IMF ‘guard rails’

  • The International Monetary Fund approved the third review of Sri Lanka's $2.9 billion bailout, releasing about $333 million, bringing total funding to around $1.3 billion.
  • Sri Lanka must still complete a $12.5 billion debt restructuring with bondholders, aimed for December by President Anura Kumara Dissanayake.
  • The IMF warns that maintaining macroeconomic stability and restoring debt sustainability are crucial for Sri Lanka's prosperity.
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Bias Distribution

  • 57% of the sources lean Left
57% Left
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