World Bank says no new plans for financing for Sri Lanka

The World Bank stressed that Sri Lanka needs to enact structural reforms that focus on economic stabilization and address the root structural causes that led to the crisis.

Reuters

Updated:29th Jul, 2022 at 11:25 AM

SRI LANKA: The World Bank does not plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place, it said in a statement on Thursday.

The World Bank stressed that Sri Lanka needs to enact structural reforms that focus on economic stabilization and address the root structural causes that led to the crisis.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

World Bank says no new plans for financing for Sri Lanka

The World Bank stressed that Sri Lanka needs to enact structural reforms that focus on economic stabilization and address the root structural causes that led to the crisis.

Also Read

Death toll reaches 724 in Nepal flash floods

After TNPL success, B Sachin keen on scoring big hundreds

ISRO in final preparations phase for GSLV-F17 mission

If any Hindu thinks that there should be no Muslims in Bharat, he will not remain Hindu: Bhagwat

Trump administration deports relative of Afghans who helped US military to Central African Republic