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Crisis-hit Sri Lanka seeks to secure around $5 billion for import payments

Sri Lanka's foreign exchange reserves stood at $1.81 billion in April

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Photo: Reuters

2 min read Last Updated : Jun 03 2022 | 2:37 AM IST

Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other items bought through credit lines, and another $1 billion to bolster its foreign reserves, the prime minister's office said on Thursday.

The island nation is grappling with its worst financial crisis in over seven decades with a severe foreign exchange shortage that has left it struggling to pay for essential imports including food, fuel, fertilisers and medicines.

Sri Lanka's foreign exchange reserves stood at $1.81 billion in April.

PM Ranil Wickremesinghe, who took office last month after mass protests forced the resignation of

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Topics : sri lanka Ranil Wickremesinghe IMF

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