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India plans NO more funding for Sri Lanka as IMF talks progress

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COLOMBO (News 1st) – India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island's battered economy starts to stabilize after a preliminary loan agreement with the IMF.India has been the biggest provider of aid this year to its southern neighbor, which is fighting its worst economic crisis in more than seven decades and struggling to pay for imports, although the situation now is less severe than it was between May and July..

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