'Progressive' $3 bn Sri Lanka program will protect poorest: IMF

21 March 2023
'Progressive' $3 bn Sri Lanka program will protect poorest: IMF

Sri Lanka's roughly $3 billion loan agreement with the International Monetary Fund (IMF) will look to protect the poorest while tackling deep-rooted economic issues, a senior IMF official tells AFP. The "progressive" agreement will look to "improve the condition of the poor and the vulnerable," IMF Director of the Asia and Pacific Department, Krishna Srinivasan, says. "The rich and the wealthy will be paying more," he adds.