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Sri Lanka, which is facing a serious crisis, pleaded for help, IMF assured

Sri Lanka Crisis: Sri Lanka is currently facing an economic crisis. Due to the serious crisis in the country, the general public is very upset. To improve the conditions of the country, the International Monetary Fund (IMF) has appealed for help. The IMF has assured help to Sri Lanka in the economic crisis in the efforts made to overcome the crisis.

Requested help from IMF
The IMF has said that the initial talks with the delegation led by Finance Minister Ali Sabri have been fruitful. Sri Lanka, which is facing economic crisis due to lack of foreign exchange, has appealed to the IMF for immediate relief.

talks in Washington
A delegation comprising Sabri and central bank governor Nandlal Wirasinghe is currently in Washington. It has discussed technical issues related to the IMF-backed quick relief package.

IMF issued statement
The IMF said in a statement on Saturday, “The IMF’s technical discussions with the Sri Lankan delegation have been fruitful. It also discussed the recent economic and financial developments in Sri Lanka and a credible and clear strategy to restore macroeconomic stability.

Sri Lanka needs 4 billion dollars
Sri Lanka needs at least four billion dollars to overcome the economic crisis. Sabri is in talks with the World Bank as well as China and Japan to get financial aid.

issued statement
According to the statement, “The IMF team will assist Sri Lanka in its efforts to overcome the current economic crisis, work closely with the authorities on their economic program and also interact with other stakeholders to find a timely solution to this crisis.” will do.

welcomed the initiative of the government
The IMF has also welcomed the initiative of the Sri Lankan government to talk to the lenders. The Sri Lankan government had on April 12 announced the suspension of the payment of its outstanding debts.

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