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Al Jazeera
Al Jazeera
Business

Sri Lanka receives first tranche of IMF bailout, says president

International Monetary Fund Sri Lanka Ranil Wickremesinghe
Rescue package comes as the island nation grapples with its worst economic crisis in 70 years [File: Ishara S Kodikara/AFP]

Sri Lanka has received the first tranche of its bailout package from the International Monetary Fund (IMF), President Ranil Wickremesinghe told parliament.

“This sets the stage for Sri Lanka to have better fiscal discipline and improved governance,” Wickremesinghe said on Wednesday.

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