IMF delegation visits crisis-hit Sri Lanka with time running out

Published by
Reuters

By Uditha Jayasinghe and Karin Strohecker COLOMBO/LONDON (Reuters) – An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks on a bailout programme, but time is short for a country just days from running out of fuel and likely months from getting any relief money. Sri Lanka is battling its worst financial crisis since independence in 1948, as decades of economic mismanagement and recent policy errors coupled with a hit from COVID-19 to tourism and remittances, shrivelling foreign reserves to record lows. The island nation of 22 million people suspended payment on $12…

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