The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned that the South Asian economy remains vulnerable. In a statement, the global lender said it would release about $333 million,

The International Monetary Fund (IMF) has emphasized the critical need for high creditor participation in Sri Lanka’s ongoing debt restructuring operations, underscoring this as a vital step toward ensuring the success of the country’s ambitious economic reform program.

The working class needs to prepare both politically and organizationally to confront the Dissanayake government’s attacks on their social and democratic rights.

Sri Lanka expects the IMF to announce a staff level agreement on its third review of the country's bailout programme on Friday, President Anura Kumara Dissanayake told the first sitting of the new parliament.

Sri Lanka's new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.