IMF hopes for resolution of Sri Lanka crisis to allow bailout talks

FILE PHOTO: Demonstrators protest inside the President's House premises, after President Gotabaya Rajapaksa fled, amid the country's economic crisis, in Colombo, Sri Lanka July 9, 2022. REUTERS/Dinuka Liyanawatte

NEW DELHI (Reuters) - The International Monetary Fund (IMF) said it is hoping for a resolution to Sri Lanka's political turmoil that will allow a resumption of talks for a bailout package after a violent day of protests.

Sri Lanka's President Gotabaya Rajapaksa will resign on Wednesday after thousands of protesters stormed his official residence and secretariat on Saturday, an official said. Protesters also set fire to Prime Minister Ranil Wickremesinghe's private residence.