File Photo: A picture of the International Monetary Fund headquarters in Washington. /CFP
The International Monetary Fund said on Monday its executive board has approved a nearly $3 billion bailout for Sri Lanka.
Sri Lankan President Ranil Wickremesinghe's office said the decision will enable the country to access up to $7 billion in funding overall.
The IMF program will help improve Sri Lanka's standing in international capital markets, the president's office said.
(With input from Reuters)
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