IMF approves $206 million emergency funding for cyclone-hit Sri Lanka's recovery
The Hindu
IMF approves $206 million emergency aid for Sri Lanka's recovery from Cyclone Ditwah, addressing urgent humanitarian and economic needs.
It was signed after Sri Lanka plunged into an unprecedented economic meltdown with its first-ever sovereign default.
Several hours before the IMF decision, the parliament here approved without a vote a supplementary estimate of LKR 500 billion, which the government said was required to restore the livelihoods of those affected by the disaster.
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