Sri Lanka


Sri Lanka bailout conditional on tackling corruption: IMF

Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the International Monetary Fund (IMF) said yesterday after signing off on a $3 billion loan for the crisis-hit nation.

The IMF approved its long-delayed rescue program on March 20 after China, the South Asian nation's biggest bilateral lender, offered debt relief assurances.

US announces $40 million agricultural aid to Sri Lanka

The United States has announced $40 million in aid to buy fertilizer and other key agricultural inputs in time for the next cultivation season in crisis-hit Sri Lanka.

USAID Administrator Samantha Power, who is visiting Sri Lanka, made the announcement after she met farmer representatives in Ja-Ela outside the capital, Colombo.