Stock Groups

Sri Lanka in talks to extend World Bank aid, plans new budget

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – Ali Sabry is the newly elected minister of Finance. This interview was conducted with Reuters during Sri Lanka’s current economic crisis. It took place in Colombo on April 9, 2022. REUTERS/Dinuka Liyanawatte/File Photo

COLOMBO (Reuters – Sri Lanka’s finance Minister stated Wednesday that talks were ongoing with the World Bank regarding extending its support to the country by $300 Million to $700 Million.

Ali Sabry stated to a Parliament session that the current budget of the island nation was unsustainable. He also said that he anticipated introducing a new budget.

[ad_2]