IMF concludes ‘constructive’ bailout talks with Sri Lanka as protests continue • FRANCE 24 English

FRANCE 24 English published this video item, entitled “IMF concludes ‘constructive’ bailout talks with Sri Lanka as protests continue • FRANCE 24 English” – below is their description.

The International Monetary Fund has concluded ‘constructive’ talks with the government of Sri Lanka over a possible bailout. The island is facing its worst economic crisis on record, and there have been days of protests over food, fuel, and medicine shortages. Also in the show – why France is faring better than its neighbours when it comes to inflation, and a report from France 24’s Madrid correspondent Sarah Morris about the Spanish companies suffering from a diplomatic spat with Algeria. 

https://f24.my/8k4l.y

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FRANCE 24 English YouTube Channel

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About This Source - FRANCE 24 English

The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.

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In This Story: Algeria

Algeria, officially the People’s Democratic Republic of Algeria, is a country in the Maghreb region of North Africa. The capital and most populous city is Algiers, located in the far north of the country on the Mediterranean coast. With an area of 2,381,741 square kilometres (919,595 sq mi), Algeria is the tenth-largest country in the world, and the largest by area in the African Union and the Arab world. With an estimated population of over 44 million, it is the eighth-most populous country in Africa.

Algeria is bordered to the northeast by Tunisia, to the east by Libya, to the southeast by Niger, to the southwest by Mali, Mauritania, and the Western Saharan territory, to the west by Morocco, and to the north by the Mediterranean Sea. The country has a semi-arid geography, with most of the population living in the fertile north and the Sahara dominating the geography of the south. This arid geography makes the country very vulnerable to climate change.

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France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Sri Lanka

Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is an island country in South Asia, located in the Indian Ocean southwest of the Bay of Bengal and southeast of the Arabian Sea. Sri Lanka has been called “the pearl of the Indian ocean” because of its shape and location.

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