
Sri Lanka Seeks $200 Million IMF Emergency Funding Post-Cyclone
Sri Lanka has requested $200 million from the IMF under the Rapid Financing Instrument (RFI) to address urgent foreign exchange needs caused by Cyclone Ditwah.
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Sri Lanka has requested $200 million from the IMF under the Rapid Financing Instrument (RFI) to address urgent foreign exchange needs caused by Cyclone Ditwah.
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Sri Lanka is exploring the use of infrastructure bonds to finance large-scale reconstruction following Cyclone Ditwah, as fiscal constraints limit the Government’s ability to fund rebuilding directly.
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Sri Lanka is exploring the use of infrastructure bonds to finance large-scale reconstruction following Cyclone Ditwah,
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Sri Lanka is exploring the use of infrastructure bonds to finance large-scale reconstruction following Cyclone Ditwah, as fiscal constraints limit the Government’s ability to fund rebuilding directly.
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Sri Lanka has received only 0.17% of the estimated USD 6.5 billion required to rebuild damage caused by Cyclone Dithwa, highlighting serious shortcomings in international engagement by the current government.
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As emergency relief winds down, the economic reckoning from the recent cyclone is only beginning. While floodwaters have receded,
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Sri Lanka’s post-cyclone compensation bill is expected to exceed Rs. 100 billion, according to estimates attributed to a senior Treasury official, raising concerns over fiscal sustainability.
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Sri Lanka will launch a Rs. 80 billion loan programme for new entrepreneurs in January, even as more than 92,000 MSMEs have been hit by the recent cyclone, raising questions about economic priorities.
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Sri Lanka’s post-cyclone recovery effort has triggered a major debate in Parliament,
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Sri Lanka has received firm assurances of support from international development partners following the devastation caused by Cyclone Ditwah, the Finance Ministry announced yesterday.
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