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Sri Lanka will get the second tranche of a much-need bailout package from the IMF

  • The International Monetary Fund approved the release of the second tranche of a $2.9 billion bailout package to help Sri Lanka recover from its worst economic crisis.
  • Sri Lanka has reached debt restructuring agreements with China's EXIM Bank and an Official Creditor Committee, covering a total of $9.1 billion in outstanding debt.
  • Sri Lanka's economy is projected to continue negative growth in 2023 but could grow by 1.8% in 2024, putting its debt on a path towards sustainability.
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Associated Press NewsAssociated Press News
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Sri Lanka will get the second tranche of a much-need bailout package from the IMF

COLOMBO, Sri Lanka (AP) — The International Monetary Fund executive board approved the release of the second tranche of a $2.9 billion dollar bailout package to help Sri Lanka recover from the worst economic crisis in its history. In a statement, the fund said the decision Tuesday to release $337 million came after Sri Lanka […]

·New York, United States
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  • 37% of the sources are Center, 36% of the sources lean Right
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people.com.cn broke the news on Wednesday, December 13, 2023.
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