Sri Lanka Hopes to Seal IMF Deal by July as PM Outlines Revival Plan of ‘Collapsed Economy'

Prime Minister Ranil Wickremesinghe, who took charge following Mahinda Rajapaksa's resignation in May, has described the current situation as “far more serious” than a mere shortage of fuel, gas, electricity, and food. The nation has $51 billion in foreign debt and is presently negotiating with several countries to support its economy.