Published: Jan 02, 2023, 20:10 IST | Updated: Jan 02, 2023, 20:10 IST
World Jan 02, 2023, 20:10 IST
Sri Lanka works towards securing IMF bailout, freezes recruitment in fresh austerity drive
Cash-strapped Sri Lanka began a fresh austerity drive as the country aims to reduce its expenses and secure the IMF bailout. Now Colombo has temporarily frozen all government recruitments as new taxes and high electricity prices kicked in this week.