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12 Hrsالبلاد
Source: البلاد
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Sri Lanka plans to seek $2.08 billion in foreign loans in 2027 to finance its budget, as it prepares to conclude a $2.9 billion IMF bailout program next March. The country defaulted on $46 billion in external debt in 2022. President Anura Kumara Dissanayake said he was considering a new arrangement with the Fund, while external debt-service costs are expected to reach $2.98 billion in 2027, down from $3.59 billion this year.
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