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IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka

Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis.
Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis.
The IMF (International Monetary Fund) has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone" in the critical period.
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