Press "Enter" to skip to content

Posts tagged as “promise”

Sri Lanka leans on IMF and China as crucial budget test looms

by Munza Mushtaq in Nikkei Asia, Oct 27, 2023COLOMBO — Sri Lanka’s cash-strapped government is breathing slightly easier after a week that brought an agreement on more support from the International Monetary Fund and a promise of “no strings” help from China. But the country still must climb out of bankruptcy, and President Ranil Wickremesinghe’s administration must prepare a budget presentation for Nov. 13 that will likely highlight the difficulty of balancing financial constraints with…