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Tag: bailout

IMF approves $2.9-b bailout for Sri Lanka

COLOMBO, Sri Lanka—Bankrupt Sri Lanka will receive a conditional $2.9-billion bailout to repair its battered finances, the International Monetary Fund said Thursday, following a...

Ailing Sri Lanka opens IMF talks, starts shutdown

COLOMBO, Sri Lanka—Sri Lanka closed schools and halted all non-essential  government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as...

Troubled airlines worldwide face bailout or bankruptcy

By Andrew Beatty Sydney, Australia"•Airlines worldwide face an unprecedented existential threat as the coronavirus shuts down global travel, leaving governments with controversial and costly decisions...

EU approves bailout of world’s oldest bank

BRUSSELS"•The EU competition commission has approved a 5.4-billion euro bailout of Italy’s troubled Monte dei Paschi di Siena (BMPS), the world’s oldest bank, as...
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