IMF approves crucial $3B bailout for bankrupt Sri Lanka

The International Monetary Fund 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. “Sri Lanka has been facing tremendous economic and […]

This post was originally published on Michael West.