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Sri Lanka crisis

IMF and Sri Lanka hold debt-restructuring talks

Sticking point: Finding a sustainable track for a nation owing 114% of its GDP

Farmers and others line up outside a filling station in Kilinochchi district amid Sri Lanka's worst economic crisis on July 28.   © Reuters

COLOMBO/LONDON (Reuters) -- An International Monetary Fund team met Sri Lanka's president on Wednesday for talks on a bailout, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.

The second such visit in three months comes as the Indian Ocean island scrambles to lock down a staff-level pact for a possible $3 billion program.

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