Monday, May 16

Sri Lanka asks IMF for rapid financial assistance


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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). (Reporting by Akriti Sharma and Anirudh Saligrama in Bengaluru; Editing by Christopher Cushing)



financialpost.com

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