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Bankrupt Sri Lanka has agreed to a conditional bailout of how many billion dollars with International Monetary Fund negotiators?
A)
$2.4 billion
B)
$2.9 billion
C)
$3.6 billion
D)
$4.5 billion

Correct Answer :   $2.9 billion


Bankrupt Sri Lanka 1st Sep 2022 agreed a conditional $2.9 billion bailout with International Monetary Fund(IMF) negotiators, as the island nation seeks to overcome a bruising economic crisis that saw its president flee the country.
 
Months of acute food, fuel and medicine shortages, extended blackouts and runaway inflation have plagued the country after it ran out of dollars to finance even the most essential imports.
 
Sri Lanka has defaulted on its $51 billion foreign debt and in July angry protesters stormed the home of then-president Gotabaya Rajapaksa, with the leader subsequently fleeing the island and issuing his resignation from Singapore.
 
"This is an important step in the history of our country," said successor President Ranil Wickremesinghe of the IMF deal..

Source : The Daily Star

Published On : September 2, 2022
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