SL seeking fresh bailout : IMF

lkdood

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Washington, D.C. / London, U.K.
Sri Lanka is seeking fresh help from the International Monetary Fund after drawing down a previous $2.6-billion bailout.

John Nelmes, head of an IMF mission to the Indian Ocean country, said Colombo wanted more assistance as it emerges from a decades-long civil war, but declined to say how much was being sought.

"We have initiated a discussion of a program to help Sri Lanka get deeper into a middle-income level country," Nelmes told reporters after an 11-day visit for talks with Sri Lankan officials.


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(John Nelmes in Colombo, Sri Lanka.)
 
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