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Posts tagged as “drastically”

IMF’s US$2.9 billion bailout an ‘endorsement’ for Sri Lanka’s economic recovery: analysts

by Dimuthu Attanayake & Agencies in SCMP, Mar 9, 2023The long-awaited IMF financing will not “drastically change the trajectory of things” for Sri Lankans struggling with rising costs of living, but it could provide a much-needed confidence boost that the country’s economic recovery is on the right track, experts have said. The International Monetary Fund (IMF) is expected to give final approval later this month for its US$2.9 billion, four-year bailout package after Sri Lanka…