Institutions and governance frameworks require deep reforms' - IMF approves USD $2.9 billion bailout for Sri Lanka
The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country’s bankrupt economy.
An IMF statement said about $333 million of the funding will be disbursed immediately and the approval will also open up financial support from other institutions.