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Economic news

Sri Lanka asks IMF for rapid financial assistance

04/19/2022

Less than a minute

2022.04.19 06:16

Sri Lanka asks IMF for rapid financial assistance
People walk along the Pettah Market, amid the country’s economic crisis, in Colombo, Sri Lanka, April 18, 2022. REUTERS/Navesh Chitrakar

(Reuters) – Sri Lanka has made a request to the International Monetary Fund (IMF) for Rapid Financing Instrument (RFI) support to mitigate supply chain issues, a finance minister aide said in a tweet on Tuesday.

However, the IMF holds the view that Sri Lanka does not meet its criteria, Shamir Zavahir said, adding that the IMF appears to be positive toward granting an Extended Fund Facility (EFF).

Source

04/19/2022

Less than a minute