IMF meets Sri Lankan President to begin talks for bailout package

Sri Lanka economic crisis: President Ranil Wickremesinghe and a visiting IMF team on Wednesday analyzed Sri Lanka's current economic crisis as the two sides began crucial talks to finalize a bailout package and secure a staff-level agreement for the cash-strapped country. The second such visit from the International Monetary Fund (IMF) in three months comes at a time when Sri Lanka is scrambling to chalk out a staff-level agreement with the Washington-based global lender for a USD 5 billion program, which could be the antidote for the country’s current economic travails.

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