IMF grants Sri Lanka $3 billion bailout for struggling economy.

Sri Lanka has secured a $3 billion loan from the International Monetary Fund (IMF) to restore macroeconomic stability and debt sustainability, and unlock the country's growth potential. The loan will be provided through the IMF's Extended Fund Facility (EFF), with an initial disbursement of $333 million. Sri Lanka has been facing its worst financial crisis in decades, with food, fuel, and medicine shortages causing unrest and protests. The loan will provide much-needed respite for the nation as it faces an uphill climb to revive its flailing economy.