IMF says there is “strong expectation” of Sri Lanka commercial creditor deal
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IMF says there is “strong expectation” of Sri Lanka commercial creditor deal


Reuters – The International Financial Fund mentioned on Thursday that there is “strong expectation” that Sri Lanka will attain a deal with its industrial collectors by the completion of the IMF’s second critique.

Sri Lanka is in talks with bondholders to restructure about $12 billion in credit card debt, a critical action in its bid to emerge from a punishing economic crisis.

“There is a sturdy expectation that agreements with commercial lenders reliable with software parameters will be arrived at by completion of the second critique,” IMF spokesperson Julie Kozack instructed a press briefing.

The IMF attained a workers-level settlement with Sri Lanka on its second evaluation of a 4-12 months bailout programme late past month, but it however requirements approval from the IMF’s board.

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