IMF approves Sri Lanka's $2.9bn bailout

Sri Lanka secures its 17th IMF bailout package of USD 3 billion : Peoples Dispatch

Sri Lanka has secured a bailout package of around US$ 3 billion from the International Monetary Fund (IMF). The loan under IMF’s Extended Fund Facility (EFF) had been in the pipeline after Sri Lanka defaulted on its foreign debt of US$ 51 billion last April. This rescue package would be Sri Lanka’s 17th program with the IMF and comes six months after a staff-level agreement was signed. China, India, and Japan—Sri Lanka’s top three bilateral cred…

Debt-stricken Sri Lanka to get first tranche of IMF bailout funds in two days

"Sri Lanka is no longer deemed bankrupt by the world," President Ranil Wickremesinghe says.

Sri Lanka to get first tranche of IMF funds in 2 days

Sri Lanka will get the first $330m tranche of an International Monetary Fund bailout in the next two days, the global lender said today, putting the onus on the cash-strapped country to rein in its debt to sustainable levels.

Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days

Sri Lanka will get the first $330 million tranche of the International Monetary Fund's bailout in the next two days, the global lender said on Tuesday

IMF to Assess Sri Lankan Governance as Part of $3 Billion Bailout

The country has the dubious distinction of being the first Asian country to face scrutiny for corruption as part of a bailout program.

IMF to assess Sri Lankan governance as part of $3B bailout

The International Monetary Fund said Tuesday it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program.