Earlier this month, the International Monetary Fund announced a preliminary deal struck with Sri Lanka’s government for a four-year, $2.9 billion loan to help get it out of its economic mess. The catch? Sri Lanka has to first start negotiating with its creditors — the largest of which is China — to restructure its debt. And win the IMF executive board’s approval. The World’s Carolyn Beeler reports on what it will take for the country to get its much-needed bailout.
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