Sri Lanka has sought urgent financial support of USD 200 million from the International Monetary Fund (IMF) under its Rapid Financing Instrument (RFI), IMF Mission Chief for Sri Lanka Evan Papageorgiou confirmed today. He stated that the request is currently under review and remains subject to approval by the IMF Executive Board before any disbursement is made. The RFI is a facility provided to countries facing sudden balance-of-payments pressures due to external shocks, natural disasters, or emergencies. President Anura Kumara Dissanayake also confirmed in Parliament today that the government has formally requested RFI support from the IMF, citing the unprecedented…
Sri Lanka requests USD 200 million IMF emergency funding
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth