CLEAN : IMF agrees to $2.9bn bailout for bankrupt Sri Lanka

The video discusses the severe crisis in Sri Lanka, highlighting its impact on the poor and vulnerable. It outlines the IMF's agreement to support Sri Lanka's economic policies through a 48-month Extended Fund Facility. The program aims to restore macroeconomic stability, protect the vulnerable, and address corruption. Debt relief is necessary for sustainability, and creditor assurances are crucial for IMF approval. The IMF's $2.9 billion contribution is expected to have a catalytic effect, attracting additional financing from other creditors.

What is the duration of the arrangement agreed upon by the IMF and Sri Lankan authorities?

• 24 months

• 60 months

• 36 months

• 48 months

Which of the following is NOT an objective of the IMF-supported economic program for Sri Lanka?

• Safeguarding financial stability

• Protecting the vulnerable

• Increasing military expenditure

• Restoring macroeconomic stability

Why is debt relief from Sri Lanka's creditors necessary?

• To improve tourism

• To ensure debt sustainability

• To reduce inflation

• To increase foreign investment

What is the expected contribution of the IMF to Sri Lanka's economic program?

• 2.9 billion USD

• 4.2 billion USD

• 1.5 billion USD

• 3.5 billion USD

What effect does the IMF expect its contribution to have on additional financing?

• It will delay additional financing

• It will decrease additional financing

• It will have no effect

• It will have a catalytic effect