IMF bailout: India to back Sri Lanka's debt restructuring plan

India has agreed to support Sri Lanka's debt restructuring plan, clearing a major hurdle for the bankrupt nation to unlock a $2.9 billion bailout from the International Monetary Fund. Sri Lanka still needs similar assurances from China, Japan and so-called Paris Club members before the IMF board can approve the loan program. https://ift.tt/o7rKkVG