Emergency aid: Demonstrators standing in a queue for food in a protest area, dubbed the Gota-Go village. The country is struggling to pay for imports amid a crushing debt crisis and sharp drop in foreign exchange reserves that has fuelled soaring inflation. — Reuters
WASHINGTON: The International Monetary Fund (IMF) said it held “fruitful technical discussions” with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.
Sri Lanka, an island country of 22 million people, is struggling to pay for imports amid a crushing debt crisis and sharp drop in foreign exchange reserves that has fuelled soaring inflation. Prolonged power cuts and shortages of fuel, food and medicines have sparked nationwide protests.
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