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Sri Lanka seeks immediate funds as aid talks shift to Washington

In the absence of revenue from tourism, Sri Lanka has in recent times turned to countries including China and India for support amid a weak foreign-reserves position

Sri Lanka needs between $3 billion to $4 billion this year to pull itself out of an unprecedented economic crisis, Finance Minister Ali Sabry said

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The IMF has said it is “monitoring the political and economic developments very closely,” and is “very concerned” about the hardships suffered by the people, especially the poor and vulnerable.

Anusha Ondaatjie | Bloomberg

4 min read Last Updated : Apr 15 2022 | 9:09 AM IST

A Sri Lankan delegation is headed to Washington next week, looking to secure up to $4 billion from the International Monetary Fund and other lenders to help the island nation pay for food and fuel imports and limit debt defaults.

The team led by newly appointed Finance Minister Ali Sabry hopes to start talks with the lender of last resort on April 18 and secure aid as early as a week after negotiations.

“We need immediate emergency funding to get Sri Lanka back on track,” Sabry said in an interview with Bloomberg Television on Thursday, while pegging the funding need

Topics : sri lanka washington Foreign Affairs

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