COLOMBO: Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said on Friday (Oct 4) as the country's new president sought changes to its US$2.9 billion bailout. Leftist leader Anura Kumara Dissanayake won last month's presidential election promising to reverse steep tax hikes, raise public servant salaries and renegotiate an unpopular IMF bailout secured by Colombo last year. But analysts say Dissanayake has little room to reshape

Tag-uri: SRI