IMF approves crucial $3 billion bailout for bankrupt Sri Lanka

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country's bankrupt economy. About $333 million will be disbursed immediately and the approval will also open up financial support from other institutions, the IMF said.

Mar 21, 2023 - 10:31
IMF approves crucial $3 billion bailout for bankrupt Sri Lanka
The International Monetary Fund (IMF) has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country's bankrupt economy. About $333 million will be disbursed immediately and the approval will also open up financial support from other institutions, the IMF said.