An International Monetary Fund (IMF) team arrived in Sri Lanka Monday to discuss a bailout package for the island nation, which is experiencing its worst financial crisis in decades.

The IMF said its team would be in Colombo from June 20 to 30 to continue discussions on an economic package that might be backed up by a loan, building on the progress made during the virtual meeting from May 9 to 24.

“We reaffirm our commitment to support Sri Lanka at this difficult time, in line with the IMF’s policies,” the global lender said. EFE