WORLD BANK OFFERED LIFELINE TO THREE PRIVATE BANKS IN BANKRUPT SRI LANKA
Mon 27 February 2023: On Monday, the World Bank threw three private banks in bankrupt Sri Lanka a lifeline by giving them $400 million to pay for imports of critical goods like food and medicine while an IMF bailout was on hold. The International Finance Corporation (IFC), the private sector lending arm of the World […]
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