Sri Lanka set for economic bailout
The IMF has provisionally agreed a $2.9 billion deal to save the nation from collapse. It's a lifeline after months of turmoil, but analysts warn there's a long road ahead.
The IMF has provisionally agreed a $2.9 billion loan deal to save Sri Lanka from collapse.
The country鈥檚 economy tanked in April, sparking a wave of fuel and food shortages, hyperinflation and political upheaval. Although the deal isn't complete, many citizens believe it will be a lifeline. Shiromay Coomar, a travel business owner, is optimistic for the future. However, IMF fellow and Sri Lanka think tank chief Dr Paikiasothy Saravanamuttu says there's a long road ahead.
We're joined by Pakistan's Finance Minister, Miftah Ismail, as the country deals with another devastating flood.
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(Picture: Despite the news of an IMF bailout, protests continue on the streets of Sri Lanka. Credit: Getty Images.)
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- Thu 1 Sep 2022 14:32GMT主播大秀 World Service