Sri Lanka settles part of India's credit line with first tranche of IMF bailout package
Sri Lanka has settled part of India's credit line from the first tranche of the IMF bailout programme it received a couple of days ago, state minister of finance Ranjith Siyambalapitiya said on Friday.Sri Lanka on Wednesday received $330 million as the first tranche of the International Monetary Fund (IMF) bailout programme, which will pave the way for the debt-ridden country to achieve better "fiscal discipline" and "improved governance," according to President Ranil Wickremesinghe.
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