World Bank Says "No New Plan To Offer New Financing To Sri Lanka Until..."
NDTV
The World Bank has no plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place in the island country, which is facing its worst crisis.
The World Bank has no plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place in the island country, which is facing its worst crisis.
The international financial institution in a statement said deep structural reforms are needed.
Reforms must focus on economic stabilization, and also on addressing the root structural causes that created this crisis to ensure that Sri Lanka's future recovery and development is resilient and inclusive.
Regarding the ongoing crisis, the World Bank Group said it is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka.
