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BREAKING: IMF announces bailout package for Sri Lanka

The International Monetary Fund (IMF) has announced a $2.9 billion bailout package for crisis-hit Sri Lanka.

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Sri Lanka Crisis: The International Monetary Fund (IMF) has announced a $2.9 billion bailout package for crisis-hit Sri Lanka.

IMF officials carried out extensive discussions with their counterparts in the Sri Lanka government before announcing the agreement on Thursday.

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“IMF staff and Sri Lankan government officials have reached a staff-level agreement to support the country’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about $2.9 billion,” the IMF tweeted.

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