Colombo, April 29, 2025 (AFP) - Ready to revise Sri Lanka bailout after US tariffs: IMF

NAMPA / AFP

2025-04-29

The International Monetary Fund on Tuesday offered to revise the terms of a $2.9 billion bailout loan to cash-strapped Sri Lanka, should the United States reinstate punitive tariffs on exports. The administration of US President Donald Trump this month imposed a 44 percent tariff on imports, including garments and rubber, from the South Asian island nation, which is struggling to recover from its economic meltdown in 2022. The prohibitive tariffs......

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