Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag
Business Standard|April 25, 2022
Status will help the nation recast debt
ARUP ROYCHOUDHURY
Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag

Sri Lanka could be given temporary classification as a lower-income country from the current middle-income status — to help it restructure its debt. And, it should also be given emergency funding similar to the one granted to Ukraine.

These were the recommendations made by finance minister Nirmala Sitharaman to the International Monetary Fund (IMF) and World Bank last week, according to sources. This comes as India's southern neighbour deals with its worst-ever economic crisis.

This story is from the April 25, 2022 edition of Business Standard.

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This story is from the April 25, 2022 edition of Business Standard.

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