Sri Lanka's IMF Bailout
- Sri Lanka's second tranche of a USD 2.9 billion IMF bailout package is likely to be postponed due to ongoing concerns surrounding the nation's external debt restructuring.
- Sri Lanka grapples with its worst-ever economic crisis, marked by low foreign exchange reserves and public protests due to shortages of fuel and essential goods.
- In March, the IMF approved a 48-month, USD 2.9 billion extended arrangement to support Sri Lanka's economic policies and reforms.
- Approval for the first program review necessitates progress in debt restructuring to meet program debt targets.
- Key requirements include reaching an agreement on targets, policies, and reforms to ....
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