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World News March 21, 2023

IMF approves nearly $3 bln bailout for Sri Lanka

The International Monetary Fund said on Monday its executive board has approved a nearly $3 billion bailout for Sri Lanka.

Sri Lankan President Ranil Wickremesinghe’s office said the decision will enable the country to access up to $7 billion in funding overall.

The president’s office said, the IMF program will help improve Sri Lanka’s standing in international capital markets.

Sources: CGTN

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