Sri Lanka Officially Requests Rapid IMF Funds Amid Crisis
- Bailout package to tackle shortages of food, fuel, medicines
- Nation must present sustainable debt program for more IMF help
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Sri Lanka has requested the International Monetary Fund for a speedy bailout package as officials battle to save the island nation from economic troubles that have snowballed into a deepening political crisis.
The country’s Finance Minister Ali Sabry, who on Monday kicked off bailout talks with the lender of last resort in Washington, is seeking IMF’s rapid financial assistance to tackle growing shortages of food, fuel and medicines.