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Economy 4 years ago
IMF in preliminary agreement with Sri Lanka for $2.9 billion loan
"The objectives of Sri Lanka's new Fund-supported programme are to restore macroeconomic stability and debt sustainability," the statement said, outlining the 48-month long arrangement under the IMF's Extended Fund Facility.
Asia & Pacific 4 years ago
Sri Lanka's ousted president expected to go to Thailand
Rajapaksa fled to Singapore on July 14, via the Maldives, following unprecedented unrest triggered by Sri Lanka's worst economic crisis in seven decades and days after thousands of protesters stormed the president's official residence and office.
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