Factbox: Sri Lanka is running out of time to secure an IMF bailout

Sri Lanka is seeking help from the International Monetary Fund (IMF) for its 17th program in seven decades, needing a bailout in place before its economy disintegrates and shortages worsen. WHY DOES SRI LANKA NEED THE IMF’S HELP? The country of 22 million people, located off India’s southern tip, is struggling to manage its worst economic crisis since independence in 1948. It has a long … Continue reading Factbox: Sri Lanka is running out of time to secure an IMF bailout