Sri Lanka parliament approves domestic debt restructuring plan

A man waits to buy a domestic gas tank in between Diesel and Petrol lines near a distributor, amid the country's economic crisis, in Colombo, Sri Lanka, May 23, 2022. REUTERS/Dinuka Liyanawatte

COLOMBO (Reuters) -Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the International Monetary Fund (IMF).

The plan passed with a majority of 122 votes in the 225-member parliament.