COLOMBO: Sri Lanka's new leader on Thursday (Nov 21) backed a controversial International Monetary Fund (IMF) bailout, marking a U-turn from his election pledge to renegotiate the
Sri Lanka n President and National People's Power party leader Anura Kumara Dissanayake gestures while giving a speech on Oct 20, 2024. COLOMBO: Sri Lanka 's new leader on Thursday backed a controversial International Monetary Fund bailout, marking a U-turn from his Sri Lanka went to the IMF for a rescue package after the country defaulted on its US$46 billion external debt in April 2022 during an unprecedented economic meltdown.
Dissanayake's National People's Power party had said it did not agree with the International Monetary Fund's debt assessment and would renegotiate the bailout programme. "This is not the time to discuss if the terms are good or bad if the agreement is favourable to us or not ... The process had taken about two years and we cannot start all over again," he said.
The dissatisfaction with traditional politicians held responsible for the economic collapse was a key driver of Dissanayake's electoral success.
IMF Bailout Anura Kumara Dissanayake
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Maxwell a chance for Sri Lanka test series, says Australia coachMELBOURNE : Glenn Maxwell's hopes of a long-awaited return to test cricket have been given a boost with Australia head coach Andrew McDonald putting the hard-hitting all-rounder in the selection frame for the Sri Lanka series.
Read more »
Singapore beat Malaysia 54-46 to reach Asian Netball Championship finalThe Republic will meet two-time defending champions Sri Lanka in the Oct 27 final.
Read more »
S’pore beat Sri Lanka to end 10-year wait for Asian netball crownAfter a decade-long wait and two painful final losses, Singapore are finally the queens of Asian netball again. In an absorbing Asian Netball...
Read more »
Singapore beat Sri Lanka to win Asian netball crown, ending 10-year waitThis is Singapore’s fourth Asian Netball Championships title but only their first since 2014.
Read more »
Sri Lanka president expects 'strong majority' after snap pollPolice said the voting period passed without any incidents of violence, unlike most ballots of recent years.
Read more »
Sri Lanka president’s party headed for landslide in snap elections: Early resultsMr Dissanayake took power in September’s presidential elections on a promise to combat graft.
Read more »