The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
Sri Lanka says India to provide additional $500mn for fuel
India will provide an additional $500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka's foreign minister told reporters on Wednesday, adding Bangladesh was also willing to postpone a $450 million in swap repayments.
Published : 20 April 2022, 03:33 PM
Updated : 20 April 2022, 03:33 PM
"Assistance by the IMF will take about six months to come to us and it will come in tranches," Sri Lankan Foreign Minister G L Peiris said. "During the intervening period, we need to find funds to keep our people supplied with essentials."
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