Sri Lanka’s President Ranil Wickremesinghe said a deal with the International Monetary Fund to help the debt-stricken nation has been delayed until September because of recent unrest, the Associated Press reported.
Wickremesinghe, in his first speech since he was elected by parliament, said on Saturday that even though he, when prime minister, had aimed to reach an agreement by early August, it has now been pushed back by a month, the report said.
Also on AF: China Rocket Falls Safely But NASA Says it Was Kept in Dark
Wickremesinghe was appointed after former President Gotabaya Rajapaksa, under whom the discussions with IMF began in April, was ousted on July 13.
The finance ministry on Friday said Sri Lanka had resumed bailout discussions with IMF after the new government took office and talks were highly successful.
The country has $12 billion overseas debt with private creditors.
- Reuters with additional editing by Sean O’Meara
Read more:
Sri Lanka Must Talk to China to Help Find Debt Solution: IMF
Sri Lanka Turns to China to Help Revive Its Trade, Tourism
Wickremesinghe Voted President in Sri Lanka, IMF Vows Help
Is Sri Lanka a Victim of China’s Debt-Trap Diplomacy?