Colombo: On Aug 24, an International Monetary Fund (IMF) team met Sri Lanka’s president for talks on a bailout, including restructuring debt of about $29 billion, amid the nation’s worst financial crisis. The second such visit in three months comes as the Indian Ocean island scrambles to lock down a staff-level pact for a possible $3 billion program. “It was further decided to hold another round of discussions on Friday, and to discuss technical issues with the officials of the Central Bank in the future,” the President’s Office said.
