IMF approves third review of Sri Lanka’s $2.9bn bailout, but warns of risks

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.

Full Article