COLOMBO: Sri Lanka's president said on Monday that the International Monetary Fund (IMF) has approved its request for a $2.9-billion bailout, raising hopes for an easing of the island nation's dire economic crisis.
The IMF's board also confirmed it has signed off on the loan, which clears the way for the release of funds and kicks off a four-year program designed to shore up the country's economy.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.