Jun 2, 2018 SOURCE: AFP
IMF releases $250 mn of Sri Lanka loan, seeks airline shake-up
The International Monetary Fund announced the release of the latest instalment of Sri Lanka's $1.5 billion bailout on Saturday, but warned that restructuring the loss-making national airline was essential to sustain economic recovery. The IMF welcomed the island nation's increase in fuel prices last month -- a precondition for it...
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