Sri Lanka Aims to Conclude Debt Talks by Second Quarter 2023
- Authorities held first formal outreach with global creditors
- Progress needed toward debt sustainability for IMF loan funds
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Sri Lanka aims to finalize debt-restructuring talks with international creditors by the second quarter of 2023, as it looks for early assurances from lenders to help unlock a $2.9 billion loan from the International Monetary Fund.
Sri Lanka started formal talks Friday as it seeks IMF board approval for the loan in December or January, local authorities said in a virtual presentation.