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Ukraine's updated memorandum with IMF contains 12 new structural benchmarks

Sri Lanka Briefs EU On Moves To Address Post-Conflict Issues

President of the Court of Justice of the European Union (CJEU) receives Ambassador Asirwatham for a farewell conversation

Sri Lanka briefs EU on moves to address post-conflict issues

Sri Lanka briefed the EU Court of Justice on moves to address post-conflict issues in the country. Ambassador Grace Asirwatham made a farewell visit to President Koen Lenaerts of the Court of Justice of the European Union (CJEU) at the Court premises in Luxembourg. Her term as Ambassador to Be

IMF says Sri Lanka debt deal could help board clear first bailout review

COLOMBO (Reuters) -Sri Lanka's pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday. Battling its worst financial crisis in decades, the Indian Ocean nation had been trying since last year to strike restructuring deals with creditors after record low foreign exchange reserves led to a default on foreign debt in May 2022. Wednesday's in-principle deal comes about a month after Sri Lanka's pact with the Export-Import Bank of China covering about $4.2 billion of outstanding debt, while clearing the IMF review could trigger a second tranche of about $334 million in funds.