Sri Lanka's president makes U-turn on IMF bailout

By Yahoo! Finance | Nov 21, 2024 at 03:30 AM EST

Sri Lanka's new president, Anura Kumara Dissanayake, has decided to uphold the IMF bailout despite previous promises to renegotiate. The $2.9 billion loan requires economic reforms, and Dissanayake aims to stabilize the fragile economy without risking further shocks.

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