Lenders could delay Sri Lanka bailout, says president


Ranil Wickremesinghe (centre) says a potential IMF bailout for Sri Lanka could be delayed if its creditors do not agree on concessions. – EPA pic, August 5, 2022.

A POTENTIAL International Monetary Fund (IMF) bailout for Sri Lanka could be delayed if its creditors – the largest being China – do not agree on concessions, the island’s president warned today.

A crucial debt restructuring – with the countries to which it owes billions agreeing to write off some of their dues – is a pre-condition before the IMF will approve a bailout for the country, where inflation is rampant and shortages of essentials widespread. 


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