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Sri Lanka

Sri Lanka asks IMF for rapid financial assistance

Finance minister kicks off formal talks with international lender

A man pushes his tuk-tuk as he waits for fuel in Colombo on April 18 as Sri Lanka struggles with an economic crisis.   © Reuters

(Reuters) -- Sri Lanka has asked the International Monetary Fund for rapid financial assistance and the global lender is considering it after initial reluctance, an aide to the country's finance minister said Tuesday.

Protests have erupted in the island nation as it battles a devastating financial crisis brought by COVID-19, mismanaged government finances and rising fuel prices that have sapped foreign reserves.

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