Sri Lanka's Wickremesinghe says IMF accord pushed back after unrest - AP


  • World
  • Sunday, 31 Jul 2022

FILE PHOTO - Ranil Wickremesinghe who has been elected as the Eighth Executive President under the Constitution speaks to media as he leaves a Buddhist temple, amid the country's economic crisis, in Colombo, Sri Lanka July 20, 2022. REUTERS/ Dinuka Liyanawatte

(Reuters) -Sri Lankan President Ranil Wickremesinghe said on Saturday that an agreement with the International Monetary Fund has been pushed back to September due to the unrest over the past weeks, the Associated Press reported.

Wickremesinghe, in his first speech since he was elected by parliament, said even though he when prime minister had aimed to reach an agreement by early August, it has now been pushed back by a month, the report said.

Wickremesinghe was appointed after former President Gotabaya Rajapaksa, under whom the discussions with IMF began in April, was ousted on July 13.

The finance ministry on Friday said Sri Lanka had resumed bailout discussions with IMF after the new government took office and talks were highly successful.

The country has $12 billion overseas debt with private creditors.

(Reporting by Maria Ponnezhath in Bengaluru;Editing by Andrew Cawthorne and Alistair Bell)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

KPMG hires ex-prisoners with support of UK gov't
U.S. dollar ticks up
UNICEF supports vaccination of over 460,000 children in Libya in 2023
Saudi Arabia's King Salman leaves hospital following routine check up - TV
Germany's hydrogen expansion stuck in investment backlog: E.ON
Zambia strives to eliminate malaria with China's help, says health official
Cuba apologizes to Canada for delivering wrong body to grieving family
Expanded immunization saves over 50 mln lives in Africa: WHO
Ukraine thanks US on long-awaited aid package, says it will make up for lost time
T�rkiye calls for greater defense cooperation with Germany

Others Also Read