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Published 16:50 IST, October 21st 2023

Sri Lanka to use second IMF tranche to settle outstanding credit, says finance minister

Sri Lanka would utilise the IMF’s second tranche of the bailout deal to settle arrears owed to multilateral creditors while expediting the debt restructuring process, state minister of finance Shehan Semasinghe has said.

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Sri Lanka President Ranil Wickremesinghe | Image: PTI
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16:50 IST, October 21st 2023