IMF to pull out Sri Lanka from troubles…..

Nandalal Weerasinghe, the governor of Sri Lanka’s central bank, informed the media on Sunday that the “dollar crisis” in the nation is resolved because the International Monetary Fund (IMF) is expected to approve a 2.9 billion dollar bailout plan for the nation on Monday.

He added that the IMF package will improve the country’s access to more international cash and investments and that Sri Lanka will therefore have adequate foreign reserves for imports for crucial sectors.

According to him, the IMF package will include fiscal help for Sri Lanka’s government, a novel aspect of IMF funding.