On Tuesday, India informed the International Monetary Fund (IMF) it would support Sri Lanka’s debt restructuring plan. A source with direct knowledge of the matter said that the island nation raced to secure a $2.9 billion bailout from the global lender. A spokesperson for India’s finance ministry declined to comment. Sri Lanka’s finance ministry did not immediately respond to a request for comment.
You May Also Like
Apple alleges India’s apps of abusing power
New Delhi: On Dec 19, Apple Inc has consulted India’s antitrust watchdog…
- Alina Hashmi
- December 20, 2021
Emirates to start Dubai-Tel Aviv daily flights
Dubai: It emerged on Thursday that Emirates will be starting daily flights…
- Alina Hashmi
- November 4, 2021
CNG shortage: Sindh CNG stations to stay closed for 3 days
Due to a gas scarcity in the province, the Sui Southern Gas…
- Reesha Mirza
- October 8, 2021
China pressurizes Continental over Lithuania
Vilnius/Frankfurt: On Dec 17, China is pressuring German car parts giant Continental…
- Alina Hashmi
- December 17, 2021