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IMF resumes Sri Lanka bailout after China's debt deal
IMF resumes Sri Lanka bailout after China's debt deal
Economy
by  AFP

The International Monetary Fund announced on Tuesday it is reviving its $2.9 billion bailout for Sri Lanka after the South Asian nation clinched a debt restructure deal with its largest single lender China. Sri Lanka had expected the progress review to be completed by September, but it was held up pending assurances of debt restructuring by China, the island's largest single bilateral creditor.