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Sri Lanka has secured a $3 billion bailout from the International Monetary Fund, as the country grapples with its worst economic crisis since independence. The pandemic, rising energy prices, tax cuts and high inflation have all taken a toll on the economy, leaving many Sri Lankans unable to afford many everyday items. Dr Paikiasothy Saravanamuttu from the Centre for Policy Alternatives tells The World the first tranche of funds will arrive soon after a debt restructuring plan is agreed upon. Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on Twitter: / abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia