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Sri Lanka needs to tighten monetary policy to tackle its debt crisis, a senior IMF official has said.
The official said the tax should be raised and flexible exchange rates should be followed.
The country, with a population of 22 million, is heavily in debt. Also, amid rising inflation and falling foreign exchange reserves, there has been a struggle to pay for imports.
In this situation, Sri Lanka has requested a loan from the International Monetary Fund, according to the Reuters news service.
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