Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

BIZARRE: United states backs sri lanka s debt restructuring effort - You Need To See This

FILE PHOTO: Sri Lanka's President Ranil Wickremesinghe looks on during an interview with Reuters at Presidential Secretariat, amid the country's economic crisis, in Colombo, Sri Lanka August 18, 2022. REUTERS/ Dinuka Liyanawatte/File Photo

The United States will support the restructuring of Sri Lanka's debt and extend financing assurances to the crisis-hit island nation, the U.S. Treasury Secretary Janet Yellen said in a letter seen by Reuters.

Battling its way out of the worst economic crisis in more than seven decades, Sri Lanka reached a preliminary deal last week with the International Monetary Fund (IMF) for a loan of about $2.9 billion.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.