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Sri Lanka says World Bank agrees to provide $600 million in financial aid

Earlier this month, Sri Lanka kicked off talks with the International Monetary Fund (IMF) for financial assistance

Sri Lanka names new ministers as old team quits amid economic crisis
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The Sri Lankan government has also appealed to multiple countries and multilateral organisations for bridge financing until the IMF comes up with its aid.

Reuters Colombo
The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president's media division said in a statement on Tuesday.

"The World Bank has agreed to provide $600 million in financial assistance to address the current economic crisis," the statement said.

The World Bank would release $400 million "shortly", it said.

According to the statement, the World Bank said it would continue to help Sri Lanka to overcome the current economic crisis.

Sri Lanka's worst financial crisis since independence in 1948 was caused by a drastic drop in its

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First Published: Apr 26 2022 | 11:14 PM IST

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