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Sri Lanka to restart IMF bailout talks, president calls for unity government

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COLOMBO, August 4(ABC): Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.

In a speech in parliament, President Ranil Wickremesinghe said that constitutional amendments were required to curtail presidential powers — indicating he would meet a key demand of protesters who forced out his predecessor, Gotabaya Rajapaksa.

“The president of a country does not have to be a king or a god who is exalted above the people. He or she is one of the citizens,” Wickremesinghe said.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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