Sri Lanka, which is facing economic crisis, will get big relief, from here will get help of $ 700 million
World Bank Sri Lanka chief assured
World Bank Sri Lanka chief Chiyo Kanda made this assurance during his meeting with the foreign minister last week. He said that the World Bank would re-plan and release the funds of the already approved projects. According to the report published quoting the Ministry of External Affairs, Kanda has assured Foreign Minister Peiris that the World Bank will work closely with the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and the United Nations Office in this regard.
World Bank will give Rs 70 crore
During this, the Sri Lankan Foreign Minister demanded from Kanda that help from the World Bank be provided until long-term help from the International Monetary Fund is available. To this, Kanda said that in the coming months, $ 700 million will be given to Sri Lanka. At present, discussions have started with Sri Lanka at the technical level. Quoting the IMF report, he has said that after the formation of the new government, he will continue to prepare for the policy discussion.
IMF gave positive signs
Sri Lanka, which is going through a deep foreign exchange crisis and high inflation, has requested the IMF to provide a relief package. The IMF has also given positive signs in this direction. The IMF has said that it is closely monitoring developments in Sri Lanka. He is concerned about the rising social tension and violence there.
Sri Lanka going through worst time
Sri Lanka is going through its worst time since independence in 1948. The economic crisis has created political unrest here. People are still gathering at the President’s residence and they have been demanding his resignation for the last 50 days.