Sri Lanka’s government wants to finalise plans to resolve its debt crisis by the end of the year, the country’s president has said, urging creditors to quickly reach a compromise or risk creating more economic peril.
In his first interview since the IMF approved a $3bn, four-year lending programme on Monday, Ranil Wickremesinghe said the deal and his long-term reform plans were the country’s “last chance” to open up an economy beset by shortages of food, fuel, medicine and foreign currency during 2022.
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