IMF Considers Circumventing China for Sri Lanka’s Emergency Debt Relief

The International Monetary Fund may have found a way to unblock the impasse with China that’s blocked Sri Lanka’s $2.9 billion emergency financial package.

The IMF, according to Bloomberg, is actively considering invoking a rarely used policy that allows the fund to issue loans even if a borrower’s other creditors are not fully aligned, as is the case with Sri Lanka.

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source https://chinaglobalsouth.com/2023/02/20/imf-considers-circumventing-china-for-sri-lankas-emergency-debt-relief/

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