"The IMF bailout secured in March last year helped stabilise economic conditions after the cash-strapped country plunged into its worst financial crisis in more than seven decades in 2022."
"Sri Lanka still needs to complete a $12.5bn bondholder debt restructuring and a $10bn debt rework with bilateral creditors including Japan, China and India to take the programme forward."
"Staying in line with tax revenue requirements and continuing reforms of state-owned enterprises will remain crucial to hitting a primary surplus target of 2.3 percent of gross domestic product (GDP) next year."
"Keeping things stable in order to shore up reserves, in order to make sure there's a stable supply of basic necessities, all of those things will be facilitated by this cash infusion that the Sri Lankan government gets."
Collection
[
|
...
]