Last year, soon after taking power as president of Sri Lanka, Maithripala Sirisena requested a US$4 billion loan from the IMF to restructure its debt repayments. The bailout package was rejected by the IMF. It warned the government instead to rationalise the tax system and arrest growing inflation.
http://www.eastasiaforum.org/2016/04/14/will-sri-lanka-overcome-its-economic-woes/
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