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Economic news

Sri Lanka in talks to extend World Bank aid, plans new budget – Finance Minister

05/04/2022

Less than a minute

2022.05.04 08:46

Sri Lanka in talks to extend World Bank aid, plans new budget - Finance Minister
FILE PHOTO: Ali Sabry, newly appointed minister of finance, speaks during an interview with Reuters, amid the country’s economic crisis in Colombo, Sri Lanka, April 9, 2022. REUTERS/Dinuka Liyanawatte/File Photo

COLOMBO (Reuters) – Sri Lanka’s finance minister said on Wednesday the country was in talks with the World Bank to extend its support by $300 million to $700 million.

The island nation’s budget was currently unsustainable, Ali Sabry told a parliament session, adding he expected to bring in a new budget.

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05/04/2022

Less than a minute