INSUBCONTINENT EXCLUSIVE:
The World Bank has agreed to provide an emergency funding of USD 10 million to Sri Lanka for the purchase of essential pharmaceuticals by
next week.In an exclusive interview with Ada Derana, Finance Minister Ali Sabry, PC, said Sri Lanka has additionally sought an aid of USD
500 million from the World Bank, for the provision of chemical fertilizer and paddy seeds to the farmers with the aim of alleviating the
issues they are facing.Minister Sabry noted that the government is also looking to provide a monthly allowance for poverty-stricken people,
and to find an intermediate solution for the liquefied petroleum gas issue until the economy of the country is put back on track.Responding
looking into the possibility of debt restructuring, Sabry explained, adding that Sri Lanka does not have to repay its debts, if attempts for
debt restructuring are successful.In response to a question, Minister Sabry said the Sri Lankan delegation is expected to engage in
discussions with the International Monetary Fund (IMF) from 18-23 April, adding that many rounds of talks with the IMF, World Bank, Asian
This article first appeared/also appeared in https://adaderana.lk
