Finance Minister Nirmala Sitharaman has urged the International Monetary Fund (IMF) to provide Sri Lanka with assistance, according to the government. Colombo, which is in the throes of an unprecedented economic crisis, and announced that it would default on foreign debt repayments, totalling $51 billion, is seeking a $4 billion bailout package for this year from the IMF.
Ms Sitharaman, “indicated that [the] IMF should support and urgently provide financial assistance to Sri Lanka,” said a Finance Ministry readout of the meeting between the Minister and IMF Managing Director Krisalina Georgieva .
“The Managing Director assured the Finance Minister that the IMF would continue to actively engage with Sri Lanka,” the readout said. The Hindu has reached out to the IMF for a readout of the meeting.
