Sri Lanka to receive aid package from World Bank as economy worsens
2022-04-24 10:23:20 source：CGTN
April 23, 2022
Sri Lanka will get an aid of between $300 million to $600 million from the World Bank in the next four months, the country's finance minister who is in Washington said on Friday, as the South Asian country is mired in its worst economic downturn since 1948.
In a video conference, Sri Lankan Finance Minister Ali Sabri said the World Bank has agreed on the package, but talks with the International Monetary Fund might take some time.
Sri Lanka is on the brink of bankruptcy, with more than $4 billion in debt to repay just this year, including a $1 billion international sovereign bond maturing in July.
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