Sri Lanka to restart bailout talks with IMF

Sri Lanka’s new President Ranil Wickremesinghe told parliament on Wednesday that talks with the International Monetary Fund (IMF) for a bailout package will restart in August.

The president made this known as the country wrestles with its worst economic crisis in decades.

“We are confident of successfully completing discussions,” Wickremesinghe said in a speech, in which he also called on lawmakers to come together to form an all-party government.

Wickremesinghe took office last month after his predecessor, Gotabaya Rajapaksa, fled the country and then quit following mass protests over his mishandling of the economy.