IMF grants $3bn bailout to boost Sri Lanka's economy.
TL;DR Summary
The International Monetary Fund (IMF) has approved a $3bn bailout package for Sri Lanka to support the country's economic recovery from the Covid-19 pandemic. The financial assistance will be provided over a period of 12 months and is aimed at helping Sri Lanka address its balance of payments and budget deficits. The IMF has also urged the country to implement structural reforms to improve its economic outlook.
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