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Jul 11, 2022

Sri Lanka’s president is stepping down. Will that derail IMF negotiations?

From the BBC World Service: Sri Lanka’s president has fled the country and confirmed he’ll leave his post. Economists say any delay to its debt negotiations could plunge the country further into uncertainty. Ten days of annual summer maintenance work has begun on the Nord Stream 1 pipeline, which carries natural gas supplies from Russia to Germany. But there are fears that gas flows won’t return after the scheduled outage. 

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TOPSHOT - Women stand in front of a graffiti painted outside the premises of Sri Lanka's presidential palace, in Colombo on July 10, 2022, a day after it was overrun by anti-government protestors. - Sri Lanka's colonial-era presidential palace has embodied state authority for more than 200 years, but on July 10 it was the island's new symbol of "people power" after its occupant fled. (Photo by Arun SANKAR / AFP) (Photo by ARUN SANKAR/AFP via Getty Images)
TOPSHOT - Women stand in front of a graffiti painted outside the premises of Sri Lanka's presidential palace, in Colombo on July 10, 2022, a day after it was overrun by anti-government protestors. - Sri Lanka's colonial-era presidential palace has embodied state authority for more than 200 years, but on July 10 it was the island's new symbol of "people power" after its occupant fled. (Photo by Arun SANKAR / AFP) (Photo by ARUN SANKAR/AFP via Getty Images)

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Sri Lanka’s president is stepping down. Will that derail IMF negotiations?