Sri Lanka has begun talks with the IMF over a debt relief package after protests over a deepening economic crisis forced Gotabaya Rajapaksa’s government into a policy U-turn.
The president told the country on Wednesday night that he was “attempting to immediately resolve this crisis and provide relief to the people”.
“Subsequent to my discussions with the International Monetary Fund, I have decided to work with them,” Rajapaksa said, according to a transcript of his comments by Sri Lanka’s Daily FT newspaper. “Through those discussions, we hope to find a way to pay off our annual loan instalments, sovereign bonds and so on.”
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