Sri Lanka IMF bailout: How will it help the country?

The IMF has approved a $3bn bailout package for Sri Lanka. The nation's foreign minister pledged to reconstruct its state-owned enterprises and their national airline but it seems like there is still a long road ahead for the island in South Asia, after receiving multiple blows from the pandemic, increasing energy prices, tax cuts and skyrocketing inflation.

WBR’s Ed Butler is in Colombo, the nation’s capital, and joins Will Bain in our studio to discuss what is coming next for some 22 million Sri Lankans.

(Picture: An ice-cream vendor waiting for customers at Galle Face Beach in Columbo, Sri Lanka. Credit: AFP via Getty Images)