Following India’s representations, the International Monetary Fund would consider offering immediate financial help to Sri Lanka, which is heavily in debt.
On Monday, a Sri Lankan delegation led by Finance Minister Ali Sabry began formal talks with the IMF in Washington for a programme that the government hopes will help it boost its reserves and attract bridge finance to pay for critical imports such as fuel, food, and pharmaceuticals.
Sri Lanka requested a loan through the fast financial instrument (RFI) window, which is intended for countries in need of immediate balance-of-payment assistance, according to Shamir Zavahir, a Sabry assistant on Twitter.
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