Daily Cuts - S1E190: Sri Lanka gets a $2.9 billion bailout from IMF

The International Monetary Fund has approved a close to $3 billion bailout for Sri Lanka. Sri Lankan President Ranil Wickremesinghe's office said the decision will allow the country to access up to $7 billion in funding overall. CNA938’s Arnold Gay and Yasmin Jonkers speak with Steve Hanke, Professor of Applied Economics at Johns Hopkins University to find out more. He also served on Reagan's Council of Economic Advisers and is one of the world's leading experts on hyperinflation.