Colombo, Oct 4, 2024 (AFP) - Sustaining reforms critical for Sri Lanka: IMF

NAMPA / AFP

2024-10-04

Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said Friday as the country's new president sought changes to its $2.9 billion bailout. Leftist leader Anura Kumara Dissanayake won last month's presidential election promising to reverse steep tax hikes, raise public servant salaries and renegotiate an unpopular IMF bailout secured by Colombo last year. The avowed Marxist held his fi......

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