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    Question

    Recently Sri Lanka has signed a preliminary agreement with which of the following International Organization for a loan?

    A World Bank Correct Answer Incorrect Answer
    B IBRD Correct Answer Incorrect Answer
    C IMF Correct Answer Incorrect Answer
    D ADB Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a bailout. The debt-laden country has been seeking up to $3 billion from the global lender in a bid to escape its worst economic crisis since independence from Britain in 1948.

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