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Sri Lanka crisis

Sri Lanka to restart bailout talks with IMF in August: president

Government, advisers also work to finalize overseas debt restructuring plan

Sri Lankan President Ranil Wickremesinghe arrives to inaugurate a new session of parliament and deliver his first policy statement in Colombo on Aug. 3.   © Reuters

COLOMBO (Reuters) -- Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.

In a speech in parliament, President Ranil Wickremesinghe said that constitutional amendments were required to curtail presidential powers -- indicating he would meet a key demand of protesters who forced out his predecessor, Gotabaya Rajapaksa.

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