Sri Lanka—IMF Bailout Sought After Default
Wall Street Journal | 06/23/2022
The Sri Lankan government is in talks with the International Monetary Fund for a financial bailout after defaulting for the first time in its history last month, reports the Wall Street Journal.
The heavily indebted economy faces collapse after months of double-digit inflation, rolling power blackouts and shortages of food and medicine, Prime Minister Ranil Wickremesinghe said on Wednesday.
Earlier this week, authorities ordered a two-week shutdown for schools and nonessential government...
Please log in to continue reading.
Not yet a subscriber? Take a free trial.
Military Periscope gives you easy-to-use, integrated, open-source intelligence on…
- More than 7,500 weapons systems and platforms
- Nearly every country’s armed forces
- Militant organizations