Sri Lanka has secured $2.9 billion from the International Monetary Fund — a lifeline for the debt-ridden country. But for millions struggling with poverty, the bailout might not bring immediate relief.
2 Sep 2022
The International Monetary Fund says a first agreement has been reached on a $2.9 billion loan to the bankrupt country. Sri Lanka is facing its worst economic crisis in more than 70 years.
9 Jul 2022
As Russia cuts down gas deliveries to Europe, Germany's energy supplier Uniper reported "significant financial burdens" and asked the German government to help stabilize it.
2 May 2020
Lufthansa is seeking a €10 billion bailout that would give the German government a massive stake in the airline, Der Spiegel reports. The German flag carrier has said it is losing €1 million an hour due to the pandemic.
26 Aug 2019
Nigerian govt move to recover N614bn bailout fund from 35 States