“Sri Lanka’s IMF Loan Program Faces First Review, China Pledge to Assist”

Sri Lanka’s IMF loan program faces its first review, with a team visiting in September. The island’s severe financial crisis led to a nearly $3 billion IMF bailout in March. China pledges help with debt challenges, aiming to address restructuring before the IMF review. The review, scheduled for September 14-27, will determine a potential $338 million disbursement. Last year’s economic crisis prompted public protests due to foreign exchange shortages. India also provided assistance, aligning with its ‘Neighborhood First’ Policy, extending about $4 billion in support.