(Reuters) -India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.
The island nation of 22 million people has grappled with challenges during the past year ranging from a shortage of foreign currency to runaway inflation and a steep recession the worst such crisis since independence from Britain in 1948.
Reuters reported last week that India had told the IMF it strongly supports Sri Lankas debt restructuring plan as the island seeks a $2.9 billion loan from the global lender, according to a letter.
Sri Lanka is engaged with other official bilateral creditors to obtain similar assurances, an IMF spokesperson sa…
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