Sri Lanka to resume discussions with IMF, says newly appointed president Anura Kumara Dissanayake

Sri Lanka's new president, Anura Kumara Dissanayake, is calling for immediate discussions to renegotiate a $2.9 billion IMF bailout that was initially secured by his predecessor. The bailout alleviated severe shortages but came with harsh austerity measures. Dissanayake aims to restructure international sovereign bonds and obtain additional concessions for the financially strained nation.