Sri Lankan Prime Minister Ranil Wickremasinghe, right, talks to Indian External Affairs Minister Sushma Swaraj during their meeting in Colombo, Sri Lanka, Friday, Feb. 5, 2016. (AP Photo/Eranga Jayawardena)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Sri Lanka has made a formal request for an IMF bailout package to aid its struggling economy after a sharp slowdown in growth and with its budget deficit widening, officials said Saturday.The IMF, which sent a mission this week to review Sri Lanka's economy, said Saturday it had warned the authorities they should make a "stronger effort" to immediately reduce the budget deficit.The IMF also said Saturday it had warned of rising debt levels saying the Sri Lankan government had been unable to keep to its budget deficit target last year and that it was unlikely to meet it in 2016 .
FOLLOW THIS ARTICLE