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Crisis-hit Sri Lanka seeks emergency financial assistance from IMF

Sri Lanka is seeking up to $4 billion this year to tide over problems and pay creditors amid dwindling foreign reserves and Asia's fastest inflation

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Sri Lanka needs between $3 billion to $4 billion this year to pull itself out of an unprecedented economic crisis, Finance Minister Ali Sabry said

Anusha Ondaatjie | Bloomberg

3 min read Last Updated : Apr 19 2022 | 12:44 PM IST

Sri Lanka has requested the International Monetary Fund for a speedy bailout package as officials battle to save the island nation from economic troubles that have snowballed into a deepening political crisis.

The country’s Finance Minister Ali Sabry, who on Monday kicked off bailout talks with the lender of last resort in Washington, is seeking IMF’s rapid financial assistance to tackle growing shortages of food, fuel and medicines.

“Minister of Finance has made a request for a Rapid Financing Instrument with the IMF,” the government said in a statement Tuesday. “It had been communicated that IMF will consider the special

Topics : sri lanka International Monetary Fund Economic Crisis IMF

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