Sakshi Education
- The World Bank has agreed to provide Sri Lanka with 600 million US dollars in financial assistance to help meet payment requirements for essential imports. Sri Lankan President's media division said in a statement that the World Bank would release 400 million dollars "shortly". According to the statement, the World Bank said that it would continue to help Sri Lanka to overcome the current economic crisis.
- Sri Lanka's worst financial crisis since independence in 1948 was caused by a drastic drop in its reserves that dropped 70 percent over the past two years, hitting 1.93 billion dollars at the end of March. This left Colombo struggling to pay for essentials, including fuel, medicines and food.
Published date : 28 Apr 2022 05:07PM
