lanka

IMF resumes Sri Lanka bailout after China’s debt deal

The IMF resumed a $2.9 billion bailout for Sri Lanka after the country reached a debt restructuring deal with China. This move follows the completion of the first review of the Extended Fund Facility, with $337 million released to support economic policies and reforms. Sri Lanka's progress in debt restructuring and policy reforms was noted, along with the need to sustain momentum for a full economic recovery. - Khabristan.PK