News > IMF asks Sri Lanka to restructure foreign debt before bailout programme is finalised
IMF asks Sri Lanka to restructure foreign debt before bailout programme is finalised
Scroll | 20/04/2022 03:23 PM | Click to read full article
The International Monetary Fund on Wednesday said that it has asked Sri Lanka to restructure its foreign debt before a bailout program could be finalized for the island nation, AFP reported.
Sri Lanka had approached the International Monetary Fund for a bailout after it had announced that it would default on its entire external debt worth $51 billion (over Rs 3.88 lakh crore).
