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IMF Releases Sri Lanka Loan Despite Restructure Delays

File image of the exterior of the IMF headquarter building in Washington, D.C. MANDEL NGAN / AFP

The International Monetary Fund released $336 million as part of a bailout loan installment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday.

The South Asian nation was starting to recover, but the IMF said after its latest review that the economy was “still vulnerable, and the path to debt sustainability remains knife-edged.”

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