Sri Lanka's Economy Expands For a Second Straight Quarter.

Sri Lanka's economy has experienced growth for the second consecutive quarter, driven by increased industrial activity, an IMF bailout, and lower interest rates. Gross domestic product (GDP) rose by 4.5% in the three months leading up to December, surpassing economists' expectations. The country is currently working towards securing approval for the next installment of a $3 billion IMF loan program and is negotiating with dollar bondholders to restructure its debt. Lower borrowing costs, increased tourism, and remittances have also contributed to Sri Lanka's economic recovery. [Extracted from the article]