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.
The Cyclonic Storm “Ditwah” moved further north from Trincomalee today evening leaving a trail of destruction including more than 90 deaths, over 100 missing and tens of thousands displaced, officials said.
A third rescue attempt to save 28 people trapped on the rooftop of a farm building in Vithikuliya, Nikaweratiya, has failed due to the dangerous water surge from the Deduru Oya.
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