Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
World
Krishan Francis

Sri Lanka declares five-day holiday to avoid bank run over IMF debt deal

EPA

Sri Lanka has declared a five-day public holiday until next week in order to prevent a bank run triggered by its £33.3 billion rescue deal with the International Monetary Fund (IMF).

A special sitting of parliament has been convened for Saturday to pass the restructuring deal, which aims to fix an economic crisis triggered by the Covid pandemic, excessive government borrowing and scarce foreign reserves.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.