The International Monetary Fund (IMF) has approved a loan of 2.9 billion dollars for Sri Lanka, which is suffering from the worst economic crisis in several months.
According to the news agency, on Monday, the IMF approved a loan of 2.9 billion dollars for Sri Lanka.
With the approval of the loan, the IMF has urged the Sri Lankan government to implement tax reforms, continue social security for the poor and tackle the corruption that has fueled the country's economic crisis, reports said.
On the other hand, the Sri Lankan government met the IMF conditions by doubling taxes while tripling energy rates and reducing subsidies.
It should be noted that Sri Lanka went bankrupt for the first time in its history due to a huge economic crisis last year due to non-payment of debts, due to which there was a severe shortage of fuel, energy, electricity, medicine, and foodstuffs in the country. and inflation in the country had reached its peak.
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