{"id":2502,"date":"2024-06-13T23:51:59","date_gmt":"2024-06-13T23:51:59","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=2502"},"modified":"2024-06-13T23:51:59","modified_gmt":"2024-06-13T23:51:59","slug":"imf-bailout-india-to-back-sri-lankas-debt-restructuringplan","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/imf-bailout-india-to-back-sri-lankas-debt-restructuringplan\/","title":{"rendered":"IMF Bailout, India to back Sri Lankas Debt Restructuring\nPlan."},"content":{"rendered":"

India will support Sri Lankas debt restructuring plan as the island nation looks to trim its huge public expenditure to win approval for a crucial bailout from the . India formally notified that it would support Sri Lankas debt restructuring plan. Sri Lanka is facing its worst economic crisis since independence from Britain in 1948, and policymakers have been grappling with multiple challenges over the past year including a shortage of dollars, runaway Inflation<\/a> and a steep Recession<\/a>. Sri LankaowesIndia around $1 billion that will come under the debt restructuring plan. New Delhi also separately providedSri Lankawith about $4 billion in rapid assistance between January and July last year, including credit lines, a currency swap arrangement and deferred import payments.<\/p>\n","protected":false},"excerpt":{"rendered":"

India will support Sri Lankas debt restructuring plan as the island nation looks to trim its huge public expenditure to win approval for a crucial bailout from the . India formally notified that it would support Sri Lankas debt restructuring plan. Sri Lanka is facing its worst economic crisis since independence from Britain in 1948, … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[651],"class_list":["post-2502","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-04-02-23"],"yoast_head":"\nIMF Bailout, India to back Sri Lankas Debt Restructuring Plan. - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/imf-bailout-india-to-back-sri-lankas-debt-restructuringplan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF Bailout, India to back Sri Lankas Debt Restructuring Plan.\" \/>\n<meta property=\"og:description\" content=\"India will support Sri Lankas debt restructuring plan as the island nation looks to trim its huge public expenditure to win approval for a crucial bailout from the . 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India formally notified that it would support Sri Lankas debt restructuring plan. Sri Lanka is facing its worst economic crisis since independence from Britain in 1948, ... 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