IMF to release $333 million to crisis-hit Sri Lanka

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IMF to release $333 million to crisis-hit Sri Lanka
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IMF to release $333 million to crisis-hit Sri Lanka

COLOMBO - The International Monetary Fund approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned that the economy remains vulnerable.

In a statement, the global lender said it would release about $333 million, bringing total funding to around $1.3 billion, to the crisis-hit South Asian nation. It said signs of an economic recovery were emerging.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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