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Sri Lanka receives first tranche of IMF bailout

CNA – Sri Lanka has received the first tranche of an International Monetary Fund (IMF) bailout programme, President Ranil Wickremesinghe told Parliament yesterday. The crisis-ridden island nation was scheduled to receive a USD330 million tranche, the first part of a nearly USD3 billion bailout approved by the IMF on Monday. “This sets the stage for
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