News Snapshot:
A street vendor sells prawns and sea-food at her kiosk at the Galle Face Beach in Colombo on March 20.ISHARA S. KODIKARA/AFP/Getty Images The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country’s bankrupt economy. An IMF statement said about $333 million of the funding will be disbursed immediately and the approval will also open up financial support from other institutions. “Sri Lanka has been facing tremendous economic and social challenges with a severe recession amid high inflation, depleted reserves, an...
