Sri Lanka receives first tranche of IMF bailout
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday. The crisis-ridden island nation was scheduled to receive a $330 million tranche, the first part of a nearly $3 billion bailout approved by the International Monetary Fund on Monday. “This sets the stage for Sri Lanka to have better fiscal discipline and improved governance,” Wickremesinghe […]