IMF stands ready to support Sri Lanka as economy improves, debt restructuring nears completion

Bangkok: The International Monetary Fund stood ready to support Sri Lanka “in any way they desired, as appropriate,” Sonali Jain-Chandra, deputy director of its Asia and Pacific Department, said on Thursday. * Sri Lanka’s macroeconomic situation is “much improved,” with its fiscal performance very strong and debt restructuring largely complete, Jain-Chandra said in a press…

Emerging markets face debt woes: IMF chief – World

Higher benchmark yields in advanced economies are pressuring emerging markets by raising the cost of debt servicing, the managing director of the International Monetary Fund said on Wednesday. Kristalina Georgieva said that putting upward pressure on the cost of debt servicing is a major problem for many developing economies. “They are facing pressures from more…