Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days

COLOMBO¬† – Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped nation to rein in its debt to sustainable levels. Economic mismanagement coupled with the impact of the COVID-19 pandemic left Sri … Continue reading Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days