a differing payment basically means an agreement between the lender and borrower where the borrower requests the lender to give them loan and that loan will be repaid at a later date when situation would be comparatively better

sri lankan government has approached the international monetary fund for a bailout bailout basically means asking 00:00:37 financial assistance in order to save any business or in this case you can say save the country's economy from collapsing and you also need to ponder upon the fact that the sri lankan government is asking this kind of financial assistance on deferring loan