The IMF has approved the third review of Sri Lanka’s $2.9bn bailout, releasing $333m to the nation as signs of economic recovery emerge. Sri Lanka must complete a $12.5bn debt restructuring with bondholders and bilateral creditors to continue the program. Despite progress, maintaining stability, tax revenue requirements, and reforms remain crucial for hitting GDP targets and ensuring economic growth.
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Sarandi Canal canal mysteriously turns bright red, looks ‘covered in blood’
Residents in Avellaneda, Argentina, were alarmed when the Sarandí Canal turned bright red, emitting a strong odor. Water samples were collected to identify the cause, suspected to be an organic dye from local leather and textile factories that are known to discharge waste into the waterway. This incident has raised concerns about pollution in the area, with residents experiencing various colored and contaminated water in the past. Full Article
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