Sri Lanka Crisis: World Bank bluntly, no plan to give new financial help to Sri Lanka


Posted on 29th Jul 2022 02:45 pm by rohit kumar

The World Bank has said Sri Lanka, which is facing an economic crisis, that it has no plans to finance Sri Lanka at the moment. The World Bank has said that this is not possible until an adequate macroeconomic policy framework is in place in the island country going through a crisis.

 

International financial institution World Bank has said in a statement that Sri Lanka needs deep structural reforms. The World Bank has said that ongoing reforms in Sri Lanka should be focused on economic stabilization. What are the reasons for the current situation in Sri Lanka? By identifying them, they also need to be removed for the better future of the country. Sri Lanka should adopt a policy of developing flexibly and inclusively to get the country out of the economic crisis.

 

On the current economic crisis in Sri Lanka, the World Bank has said that it is deeply concerned about the dire economic situation in Sri Lanka and the impact it is having on the people of Sri Lanka. The World Bank has said that to ensure essential items such as medicines, cooking gas, fertilizers, food for school children, and financial assistance to poor families in Sri Lanka, the already issued credit facilities for Sri Lanka in its portfolio are as per the need. making changes.

 

The World Bank has said that an amount of US $ 160 million has now been released to ensure the availability of essentials in Sri Lanka. Apart from this, there are also separate runs in Sri Lanka to ensure basic facilities, delivery of medicines and food, and tuition discounts to school children.

 

It has also been said on behalf of the World Bank that we are trying to ensure that the people of the country get the maximum benefit from the public welfare works in coordination with other allies engaged in relief work in Sri Lanka.

 

Also Read: Sri Lanka Crisis: PM Modi sent a letter to the new President of Sri Lanka, Ranil Wickremesinghe, said- eager to work together

1 Like 0 Dislike
Previous news Next news
Other news

Indian Air Force: For the first time women pilots will be given the command of 'Chinook', why is this helicopter so special?

The Indian Air Force's Jabanj and Accurate Chinook helicopters will be seen flying by two women p

This famous singer became the second confirmed contestant of Bigg Boss 19. Fans were overjoyed after watching the video of his entry

There is a lot of discussion going on about the new season of TV's controversial reality show Big

Joe Biden and PM Modi will meet leaders of Pacific island countries, future strategy will be discussed

Papua New Guinea Prime Minister James Marape said that US President Joe Biden and Indian Prime Mi

Police Memorial Day: Home Minister Amit Shah paid tribute to the martyred policemen, and paid homage to CM Shinde in Mumbai

Union Home Minister Amit Shah on Monday paid tribute to all the policemen who were martyred in th

Zorawar Ahluwalia: Kusha Kapila's ex-husband Zorawar breaks silence on divorce, YouTubers hurt by trolling

Recently YouTuber Kusha Kapila and her husband Zorawar Ahluwalia announced their divorce. Ever si

Shubman Gill: After a record-breaking performance in two Tests, Gill's bat is rusty! Could only score 34 runs in three innings

The fourth match of the five-match Test series is being played between India and England at Old T

Coronavirus Updates: Corona cases decreased for the third consecutive day in the country, with about 1 thousand cases registered in 24 hours

Corona cases are continuously decreasing in the country. The Health Ministry said that 1,046 case

Bharat Jodo Yatra: Rahul's Bharat Jodo Yatra enters Maharashtra today, Pawar will be involved, doubts about Thackeray

Congress's Bharat Jodi Yatra proceeded from Telangana's Kamareddy district on Monday morning. The

Congress President Election: Today is the last day of nomination for the post of Congress President; These leaders including Digvijay Singh in the race

It is the last day of nomination for the post of National President of Congress. All potential ca

India Srilanka: Sri Lankan ambassador meets Sitharaman, thanks India for emergency assistance

Sri Lankan High Commissioner Milinda Moragoda met Union Finance Minister Nirmala Sitharaman on Tu

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash