The International Monetary Fund (IMF) is considering financial assistance under the Rapid Financing Instrument (RFI) for SDR 150.5 million (approximately 26 per cent of quota or about US$200 million) based on a request from cyclone-hit Sri Lanka.
"The Sri Lankan authorities have requested financial assistance from the IMF under the Rapid Financing Instrument (RFI) for SDR 150.5 million (approximately 26 percent of quota or about US$200 million). This request is currently under consideration and subject to approval by the IMF’s Executive Board,” said Evan Papageorgiou, International Monetary Fund (IMF) Mission Chief for Sri Lanka in a statement on Friday.
While extending its deepest sympathies to Sri Lanka over the recent disaster, the statement said the IMF remains closely engaged with Sri Lankan authorities during this challenging period; and is committed to supporting the country as it undertakes urgent efforts to recover, rebuild and promote resilience for the future.
A protest was held in front of Attorney General’s Department Colombo today by a group of individuals calling for the Removal of the Attorney General Parinda Ranasinghe .
As the Sunday Times bids goodbye to our stalwart Consultant Editor/Defence Correspondent/Political Editor, we look back on an exceptional career of investigative reporting, war reporting, astute political commentary and mentoring a generation of journalists.
Leave Comments