Sri Lanka relies on India until it gets IMF funding

Sri Lanka’s high commissioner to India, Milinda Moragoda, met Finance Minister Nirmala Sitharaman (pic) in New Delhi on Friday and reiterated that the island nation would require bridging finance until the IMF programme is finalised

COLOMBO: Sri Lanka is counting on more help from India until it secures an International Monetary Fund (IMF) programme that’s hoped would unlock aid from other lenders to help face the worst economic crisis of its independent history.

The South Asian nation has been plagued by shortages of necessities, power cuts, and rampant inflation, which has triggered calls for the ouster of President Gotabaya Rajapaksa.