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Crisis-Hit Sri Lanka Gets Lifeline by Securing $ 3 Billion IMF Loan

maart 21, 2023by Reacties uitgeschakeld voor Crisis-Hit Sri Lanka Gets Lifeline by Securing $ 3 Billion IMF Loan

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Mumbai, India – Sri Lanka has secured a $ 2.9 billion loan from the International Monetary Fund, raising hopes the funding will mark the beginning of economic revival in a country confronting its worst crisis in decades.

The IMF approval Monday came about a year after the island nation of 22 million was plunged into turmoil as it grappled with crippling shortages of food, fuel and medicine, triggering massive str

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