IMF will help Sri Lanka stuck in economic crisis, plans to send individual missions

The IMF is planning to send a personal mission to the troubled Sri Lanka in the coming weeks.

The IMF is planning to send a personal mission to the troubled Sri Lanka in the coming weeks. Let us tell you that Sri Lanka is facing a very difficult economic situation at this time.

IMF crisis in the coming weeks Sri Lanka (Srilanka) I am planning to send my personal mission. Let us tell you that Sri Lanka is in very difficult economic situation at this time. (Economic Crisis) is facing. An International Monetary Fund (IMF) spokesperson said that this mission will provide financial assistance. (Financial Assistance) but also added that Sri Lanka needs to take steps to restore debt stability before proceeding with the funding programme. IMF spokesman Gerry Rice said the global financial body was committed to helping Sri Lanka in this difficult time in line with its policies.

The spokesman said on Thursday that clearly Sri Lanka is facing a very difficult economic situation and serious balance of payments problems. He said that he is deeply concerned about the impact of the current crisis. There is human concern in particular, which is affecting people. Earlier, Sri Lankan Prime Minister Ranil Wickremesinghe urged IMF chief Kristalina Georgieva to expedite her aid program.

Rice said the IMF was keeping a close watch on the situation in Sri Lanka and was planning to send a personal mission to Colombo in the coming weeks.

Sri Lanka created two new ministries to deal with the economic crisis

At the same time, Sri Lankan President Gotabaya Rajapaksa has created two new ministries, including the Ministry of Investment, to deal with the severe economic crisis in the country. The newly formed Ministry of Technology and Investment Promotion will promote foreign direct investment and private sector investment while boosting the economic potential of Sri Lanka.

Apart from this, another ministry named Ministry of Women, Child Affairs and Social Empowerment has been created. There are 15 institutions under this ministry, including the National Child Protection Authority and the Department of Prosperity Development.

Let us tell you that Sri Lanka is facing the biggest economic crisis ever since its independence in 1948. Sri Lanka has a debt of about $ 51 billion and this year Sri Lanka has to repay the debt of about $ 7 billion. The World Bank has agreed to give a loan of $ 600 million to Sri Lanka. At the same time, India can help about $ 3.5 billion.

read this also



(with language input)