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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After broken bones, Philipsen breaks sprinters’ hearts
Sprint champion Jasper Philipsen won the opening stage of La Vuelta a España in Novara, Italy, marking his comeback after a crash in the Tour de France left him with injuries. With a perfect lead-out from his Alpecin-Deceuninck team, Philipsen secured his 14th Grand Tour stage win and the red jersey, finishing ahead of Ethan Vernon and Orluis Aular. Want More Context? 🔎
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