IMF Approves $345 Million Disbursement to Sri Lanka
The IMF has reached a preliminary agreement with Sri Lanka to release about $345 million from its $2.9 billion bailout package. The IMF criticized Sri Lanka's recent reinstatement of a $126 million diesel subsidy, urging fuel prices to align with international markets while protecting vulnerable groups. Risks to recovery include higher energy prices, El Niño, and West Asia conflicts. This marks progress in Sri Lanka's recovery from its 2022 sovereign default.
Hindu World··Colombo



