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Sri Lanka: Sri Lanka raises taxes ahead of foreign debt deal

The IMF rescue programme requires him to finalise by May a restructure of the island countrys $46 billion external debt after a government default in 2022. The higher taxes kicked in as the government negotiated with its bilateral lenders and sovereign bond holders to reschedule repayments, a key condition of the IMF bailout.
Sri Lanka Gotabaya Rajapaksa Ranil Wickremesinghe International Monetary Fund New Year Foreign Debt

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