The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.
US Under Secretary of State for Political Affairs Victoria Nuland said her country expects China as the largest bilateral creditor to Sri Lanka to give credible assurance to Sri Lanka’s debt restructuring in keeping with the IMF.
The latest Sri Lanka Opinion Tracker Survey (SLOTS) polling shows that the public continue to have deeply unfavourable views of all major political party leaders.
The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.
With 2022 bringing on an economic disaster for Sri Lankan citizens, one would expect the Treasury to reduce its budget allocations for 2023 in almost all areas where it can.
Sri Lanka is still in the midst of its worst-ever economic crisis and just a few months ago defaulted on its debt payments for the first time in history.