IMF Approves Sri Lanka’s Third Bailout Review
The IMF has approved Sri Lanka’s third bailout review, releasing $333 million, totaling $1.3 billion in funding. Despite recovery signs such as zero inflation and a 4.4% projected GDP growth, the country must restructure $12.5 billion in commercial debt and finalize agreements with bilateral creditors like India, China, and Japan. The Sri Lankan rupee has appreciated by 11.3%, reflecting stabilization. Adhering to fiscal discipline and completing debt restructuring are key to sustainable recovery.
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