Sri Lanka’s new president seek changes to IMF deal

Sri Lanka’s new president seek changes to IMF deal …C0NTINUE READING HERE >>>

Anura Kumara Dissanayake won Sri Lanka’s September 21 election promising to reverse steep tax hikes and to renegotiate the IMF bailout.
Photo: – / Sri Lanka’s President Office/AFP
Source: AFP

Sri Lanka’s new president Thursday urged the IMF to consider “alternative means” to continue with a $2.9 billion bailout that aided his country in the wake of a sovereign default but imposed painful austerity.

In his first face-to-face meeting with International Monetary Fund representatives in Colombo, self-avowed Marxist Anura Kumara Dissanayake said he wanted to reduce taxes on lower income…

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