IFM

Sri Lanka Set to Exit IMF Agreement as President Dissanayake Rejects Austerity; Economists Warn of Severe Risks

By Leo Nirosha DarshanCOLOMBO — Sri Lanka is preparing to pull out of its agreement with the International Monetary Fund (IMF) when the current Extended Fund Facility (EFF) program period concludes in March. The decision follows President Anura Kumara Dissanayake’s firm rejection of new austerity measures proposed by the Washington-based…

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