Amid a full-blown economic crisis, Sri Lanka on Thursday raised electricity prices by 66%, in a move that the government hopes will persuade the International Monetary Fund (IMF) to provide a much-needed bailout for its crisis-ridden economy. Sri Lanka hikes power prices by 66% hoping to ensure IMF bailout. The increase, announced by Power and … Continue reading Sri Lanka hikes power prices by 66% to ensure IMF bailout