{"id":3747,"date":"2024-06-14T00:15:39","date_gmt":"2024-06-14T00:15:39","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3747"},"modified":"2024-06-14T00:15:39","modified_gmt":"2024-06-14T00:15:39","slug":"sri-lanka-receives-first-tranche-of-imf-bailout","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/sri-lanka-receives-first-tranche-of-imf-bailout\/","title":{"rendered":"Sri Lanka receives first tranche of IMF bailout"},"content":{"rendered":"<p>Sri Lanka has received the first tranche of anIMF bailoutprogramme, PresidentRanil Wickremesinghetold parliament.<br \/> The crisis-ridden island nation was scheduled to receive a $330 million tranche, the first part of a nearly $3 billion bailout approved by the  (IMF).<\/p>\n<p>The IMF bailout is expected to catalyse additional support to the tune of $3.75 billion from the likes of the <a href=\"https:\/\/exam.pscnotes.com\/world-bank\">World Bank<\/a>, the Asian <a href=\"https:\/\/exam.pscnotes.com\/development-bank\">Development Bank<\/a> and other lenders. It clears the way for Sri Lanka to rework a substantial part of its $84 billion worth of <a href=\"https:\/\/exam.pscnotes.com\/public-debt\">Public Debt<\/a>.<\/p>\n<p>This was the 17thIMF bailout for Sri Lankaand the third since the country&#8217;s decades-long civil war ended in 2009.<\/p>\n<p>India can emerge as a <a href=\"https:\/\/exam.pscnotes.com\/biodiversity\">Biodiversity<\/a> champion<\/p>\n<p>Biodiversity, the totality and variety of our biological <a href=\"https:\/\/exam.pscnotes.com\/resources\">Resources<\/a>, is crucial to the survival of the world. The United Nations Biodiversity Conference in Montreal, Canada, made a strong case for the value of our planets biodiversity. The 2030 commitment, which aims to stop and reverse biodiversity loss by protecting 30% of the worlds land and 30% of its <a href=\"https:\/\/exam.pscnotes.com\/oceans\">Oceans<\/a> by 2030, was ratified on December 19, 2022, by delegates from 188 nations<\/p>\n<p>India is in a prime position to lead the world in becoming biodiversity champions because it currently has 17% of the worlds <a href=\"https:\/\/exam.pscnotes.com\/population\">Population<\/a> and 17% of the worlds biodiversity hotspots<\/p>\n<p>According to the Convention on Biological Diversity (CBD), there may be as many as 13 million species, although only 1.75 million have been recognised yet, including a large number of insects<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sri Lanka has received the first tranche of anIMF bailoutprogramme, PresidentRanil Wickremesinghetold parliament. The crisis-ridden island nation was scheduled to receive a $330 million tranche, the first part of a nearly $3 billion bailout approved by the (IMF). The IMF bailout is expected to catalyse additional support to the tune of $3.75 billion from the &#8230; <a title=\"Sri Lanka receives first tranche of IMF bailout\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/sri-lanka-receives-first-tranche-of-imf-bailout\/\" aria-label=\"Read more about Sri Lanka receives first tranche of IMF bailout\">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":[930],"class_list":["post-3747","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-21-03-23"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sri Lanka receives first tranche of IMF bailout - 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\/14\/sri-lanka-receives-first-tranche-of-imf-bailout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri Lanka receives first tranche of IMF bailout\" \/>\n<meta property=\"og:description\" content=\"Sri Lanka has received the first tranche of anIMF bailoutprogramme, PresidentRanil Wickremesinghetold parliament. The crisis-ridden island nation was scheduled to receive a $330 million tranche, the first part of a nearly $3 billion bailout approved by the (IMF). The IMF bailout is expected to catalyse additional support to the tune of $3.75 billion from the ... 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The crisis-ridden island nation was scheduled to receive a $330 million tranche, the first part of a nearly $3 billion bailout approved by the (IMF). The IMF bailout is expected to catalyse additional support to the tune of $3.75 billion from the ... 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