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Sri Lanka’s IMF Bailout Starts Long Road to Recovery

The BGA Sri Lanka team led by Senior Advisor Chullanté Jayasuriya, wrote an update to clients on the announcement of an IMF bailout for the country.  Context The International Monetary Fund (IMF) on March 20 approved a US$2.9 billion extended fund facility (EFF, commonly referred to as a bailout) for Sri Lanka. The announcement came after nearly a year of negotiations precipitated by the island nation’s rapid economic collapse and subsequent political turmoil. In addition … Continue Reading

A small ginko leaf Chullanté Jayasuriya