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The Independent UK
The Independent UK
National
Krishan Francis

FORGOTTEN HISTORY: Sri lanka seeks 17 billion debt reduction by restructuring | History Defined

Copyright 2023 The Associated Press. All rights reserved

Sri Lanka’s president urged lawmakers Wednesday to approve a four-year International Monetary Fund program to restructure the country’s $17 billion in foreign debt.

Parliament began a three-day debate Wednesday on President Ranil Wickremesinghe’s proposal to accept the IMF program. It will be followed by a vote.

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