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Sri Lanka secures $3 billion bailout package from IMF

Colombo, Mar 21 (EFE).- The International Monetary Fund has approved a much-awaited bailout package worth $3 billion for Sri Lanka, officials of the international body confirmed on Tuesday, announcing aid that was termed “critical” by the Sri Lankan government to tackle the severe economic crisis affecting the country. “Today, the IMF Executive Board approved a …

Sri Lanka amends constitution to limit president s powers - La Prensa Latina Media

Colombo, Oct 21 (EFE).- The Sri Lankan parliament on Friday approved a constitutional amendment to limit the presidential prerogatives and grant more control to the legislature, even as the country tries to come out of its worst economic crisis since independence. The reform, which had been promised by President Ranil Wickremesinghe, was passed with 174 …

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