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Sri Lanka’s President Says IMF Deal Delayed a Month, AP Reports

  • Unrest delayed agreement with International Monetary Fund
  • Bankrupt nation needs help to emerge from its economic crisis
Ranil Wickremesinghe

Ranil Wickremesinghe

Photographer: Buddhika Weerasinghe/Bloomberg

Sri Lanka’s new leader said an agreement with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis has been pushed back to September because of street protests over the past weeks, the Associated Press reported.

President Ranil Wickremesinghe said he had initially aimed to reach an agreement by early August but talks with the IMF on a rescue package had slowed down, the report said, citing a Saturday speech.