The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to "restructure" its huge foreign debt before a bailout programme could be finalised as anti-government protests escalated across the island.
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A policeman stands guard as protesters shout slogans during an ongoing anti-government demonstration near the president's office in Colombo on April 18, 2022, demanding President Gotabaya Rajapaksa’s resignation over the country's crippling economic crisis. -- Photo: Jewel Samad / AFP
Lamya Abdulla
2022-04-20 10:54:38
The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to "restructure" its huge foreign debt before a bailout programme could be finalised as anti-government protests escalated across the island.
Sri Lanka opened talks with the IMF in Washington this week after announcing its first ever default on external borrowings.
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