Sri Lanka: IMF agrees to $2.9 billion bailout, preliminary agreement to restructure economy | WION

There seems to be some respite for Sri Lanka which is battling is worst hit economic crisis in history. The International Monetary Fund has announced a preliminary bailout package worth $2.9 billion for the struggling island nation.

#SriLanka #IMF #economiccrisis

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[francisty]

Here is the problem of restructuring debt. If your citizens aren't educated enough, it is hard to safeguard the use of that money to repair the country.

[ShubhamSharma-tfkr]

Happy to see thing will change for better.. 🙏

[kubajjaszi]

The IMF will just print $2.9 billion out of thin air and Sri Lanka will have to pay back with real assets.

[ste]

Money printer goes brr brr brrr

Free money for Ukraine

Free money for Sri Lanka

Free money for Pakistan

Free money for students

Free money for politicians

Brr brrr brrr

Brrr brrr brrrr

Klaus Schwab likes

[Nlin]

Oh no this will go to corrupted politicians pockets 🤣

[yuvrajparmar]

Lol Srilanka is now officially leased to US

[MikeVeracity]

Wow, more digits, backed by nothing. Inflation anyone?

[michaelphilip]

Dont be too happy Sri Lankans. Its one thing to have the money. Its another to know what to do with it and who will be in control of it. Be careful and keep a close eye.

[yongchen]

$2.6 billions bailout by IMF for a country gdp of $80 billions economy. is it enough? is it worth with all the economic hardships IMF impose on irestructured the plan for Sri Lanka? think twice before accepts the deal. IMF bail out is never good. it has more short term, long term fallouts that it helps!

[navinrodrig]

The issue is no money is given by west or India to increase producticty. Money is just to spend on day to day essentials only, so that money goes back to where it came from + paying the debt back with interest. Eventually Sri Lanka gets no benefit It's a trap. At least China lent money 10 years ago to increase productivity/infrastructure that lead to increase in tourism.

[joepiet]

China forced Shri Lanka to handover the harbor during 99 years and use of 5000 Hectares of ground. India is lookong at submarines from an ennemy contry very close.

[DrSpooglemon]

Mass privatisation and structural austerity to come. Bye-bye public sector, hello corporatocracy!

[ganeshm]

It's won't be enough to sustain Sri Lanka

[Traymbakam]

One hand of IMF creating problems and other hurry to help.

[dennyli]

Good news for these South Asia nations!

[newbiekhyber]

population 220 million gets $1.17 billion and Sri Lanka population 22 million gets $2.9 billion.

[-S]

The International Monetary Fund and the World Bank are dollar imperialistic institutions. This is a debt trap. Sri Lanka should rather depend on humanitarian aid and economical assistance from India.

[sathyanarayana]

What Just Usd 2.9 billions that to spread over 4 years on such a awkward conditions...just ask our Ambani & Adani, they will give you Usd 6 billions

[ganeshm]

2.9 billion going to gotabaya pocket....
The same week got imf bailout and return of gotabaya king if looter

[MySpace]

They will have to make sure that the con-artist brothers don't reduce the package.