IMF-WB-ADB in bailout package for Sri Lanka

Sri Lanka has been promised a bailout package from the International Monetary Fund, World Bank and the Asian Development Bank (ADB) to help shore up depleted foreign exchange reserves, Central Bank officials said. The officials, who declined to be named, said IMF support was expected to be finalised in the next few weeks with either a fund team arriving in Colombo to tie up the loose ends of the deal or a Sri Lankan delegation flying to Washington to formalise the facility.

Separately, the World

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