Sri Lanka’s new president said that securing an IMF loan would take until at least September after weeks of protests and political turmoil sparked by the country’s economic crisis.
Ranil Wickremesinghe, who took over as president this month after protesters forced his predecessor Gotabaya Rajapaksa to flee the country, said in a speech that finalising the negotiations would take longer than anticipated.
“I was aiming for July to reach an agreement and to get the IMF board approval by first week of August,” Wickremesinghe, who previously served as prime minister, said.
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