IMF Approves Sri Lanka's Second Bailout Review

The International Monetary Fund has approved the second review of Sri Lanka's $2.9 billion bailout. This approval, announced by Foreign Affairs Minister Ali Sabry on social media, will release approximately $337 million to aid the country in its journey back to economic growth.

The International Monetary Fund approved the second review of Sri Lanka’s $2.9 billion bailout, the country's Minister of Foreign Affairs Ali Sabry said in a post on social media platform X on Wednesday.

The approval will pave the way for the release of about $337 million to help the crisis-hit country return to growth.