Anyone have more details? Sounds like a rough start for a left government.

The International Monetary Fund revealed Saturday that Sri Lanka's new government has decided to proceed with a contentious IMF bailout proposal that includes strict austerity measures and economic changes.

The IMF reported an agreement with President Anura Kumara Dissanayake's administration to continue with the four-year loan agreed by his predecessor last year. According to IMF team head Peter Breuer, "The authorities have committed to stay within the guardrails of the program."