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an economic recovery huge protests happened and there was no fuel and gas supplies were cut was of now sri lanka, after getting $2.9 billion from the international monetary fund,is from the international monetary fund, is slowly making a recovery. now it has to work at what to do with its huge debt. that is why they are discussing this five days. they approve the proposal yesterday and now they want to take it to parliament. basically, they are asking those who are holding the dollar denominated bonds to write off some of out of it. they outstanding the loan period as well, of up to perhaps 15 years and no interest free payment for at least nine year. this will give them some space to develop this economic recovery. because of these bonds are being held, they do not want to destabilise the banking sector. there will be a meltdown of the banking system if people start selling and buying, that is why the sri lankan government declared this five day bank holiday, which is also h

Sri lankaBreathing roomDomestic debtWorld bankReceieved international support40 billion0 billionBailout packageInternational monetary fundSouth asiaAnbarasan ethirajan6 billion3 billion00 million700 million9 billion