Sri Lanka will consult with the International Monetary Fund (IMF) to assess if the latest proposals discussed with bondholders were within the parameters of its bailout programme, the country's finance ministry said on Wednesday. The South Asian island nation on Tuesday rejected international bondholders' proposal to restructure more than billion in debt, putting at risk critical IMF support and delaying its efforts to resolve a debt crisis. "Following these consultations, we hope to continue discussions with the bondholders with a view to reaching common ground ahead of the IMF board consideration of the second review of Sri Lanka's EFF (extended fund facility) programme," state finance minister Shehan Semasinghe said in a statement.