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Election Result Puts IMF Loan at Risk - Bloomberg
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<blockquote data-quote="Nidarshana_k" data-source="post: 30177414" data-attributes="member: 580041"><p>Lol. IMF also agreed that they are willing to discuss changing the IMF terms with new government. </p><p></p><p></p><p>Dissanayake, 55, has <strong>vowed to reopen negotiations with the IMF over its $3 billion bailout</strong>, which came with spending cuts and tax hikes that proved deeply unpopular with voters. Some members of his National People’s Power coalition also oppose debt-restructuring terms agreed with the nation’s creditors.</p><p></p><p>Reviewing the debt plan or reopening <strong>IMF talks risks delaying the disbursement of fresh loans from the Washington-based lender, which has said it will hold discussions with the new administration once it’s in place</strong>. Under the current bailout program, Sri Lanka will need to meet certain economic targets before the IMF approves the next tranche of funding, estimated at about $350 million.</p></blockquote><p></p>
[QUOTE="Nidarshana_k, post: 30177414, member: 580041"] Lol. IMF also agreed that they are willing to discuss changing the IMF terms with new government. Dissanayake, 55, has [B]vowed to reopen negotiations with the IMF over its $3 billion bailout[/B], which came with spending cuts and tax hikes that proved deeply unpopular with voters. Some members of his National People’s Power coalition also oppose debt-restructuring terms agreed with the nation’s creditors. Reviewing the debt plan or reopening [B]IMF talks risks delaying the disbursement of fresh loans from the Washington-based lender, which has said it will hold discussions with the new administration once it’s in place[/B]. Under the current bailout program, Sri Lanka will need to meet certain economic targets before the IMF approves the next tranche of funding, estimated at about $350 million. [/QUOTE]
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