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Sri Lanka says it has struck deal with creditors on debt restructuring to clear way for IMF funds

Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second instalment of a $2.9 billion bailout package from the International Monetary Fund. The agreement with the Official Creditor Committee… ....

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IMF urges creditors to hasten grant financing assurances to Ghana

The International Monetary Fund (IMF) has urged Ghana’s creditors to hasten to grant the financing assurances needed promptly so the Board of the Bretton Woods institution can approve the cocoa, gold and oil-producing West African country’s $3-billion extended credit facility to restore economic stability to the nation. “We're calling on… ....

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