Sri Lanka needs billions of dollars as it exhausts its sources of financing

in breaking •  2 years ago 

Sri Lanka needs $6 billion through the end of the year to buy fuel and other essential goods to stabilize its crumbling economy.

One of its most steadfast patrons, India, has already provided $4 billion in credit and loans, which Sri Lanka has burned through in recent months. In meetings held in Colombo, Indian officials have expressed willingness to keep supporting the country. But its unclear just how much more India will do

Read More https://tnewstimes.com/2022/07/10/world/sri-lanka-needs-billions-of-dollars-as-it-exhausts-its-sources-of-financing/

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