WASHINGTON DC, Dec 05 (IPS) – On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of $2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs.
WASHINGTON DC, Dec 05 (IPS) – On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of $2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs.Read the full story, “IMF Led Privatization, Land and Resource Grab in Sri Lanka”, on globalissues.org →