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IMF agrees to $2.9 bn bailout for bankrupt Sri Lanka
IMF agrees to $2.9 bn bailout for bankrupt Sri Lanka
by  AFP

Bankrupt Sri Lanka will receive a conditional $2.9 billion bailout to repair its battered finances, the International Monetary Fund said Thursday, following a bruising economic crisis that saw the island nation's president chased from the country. The IMF's announcement of a $2.9 billion package, spread over four years, is short of the $3-4 billion sought by Sri Lanka.

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