Sri Lankan PM meets IMF over biting economic crisis
Sri Lankan Prime Minister Ranil Wickremesinghe discussed the country’s economic crisis with Kristalina Georgieva, the managing director of the International Monetary Fund (IMF).
In a statement on Wednesday, the prime minister’s office said the discussions came as Sri Lanka had decided to seek IMF assistance to face the ongoing crisis and restructure its foreign debts.
It said the IMF managing director pledged support to Sri Lanka during the difficult times.
Sri Lanka is presently facing one of its worst economic crises as the country faces a shortage in foreign currency, leading to a shortage in essential supplies, including food, medicines and fuel.
Sri Lankan President Gotabaya Rajapaksa said that the country had sought economic assistance from friendly nations and the IMF to bring the economy back on track.
(Xinhua/NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Buhari congratulates Tinubu; says APC must close ranks to win 2023 elections
“We strongly believe that Bola Ahmed Tinubu will safeguard and improve on this democratic achievement and legacy.”
Faith
NNPC deletes tweet saying Tinubu will pick Muslim vice presidential candidate
Mr Tinubu’s campaign surrogates have said the ruling APC won’t field a Muslim-Muslim ticket because it would be difficult to sell to Nigerians.
Politics
Sixty-six delegates elect Malik-Addo YPP presidential candidate
Mr Malik-Addo won the election with a total of 66 votes to defeat his only opponent, Ruby Chinenye, who polled four votes.
Sport
Peseiro upbeat about Super Eagles’ chances at AFCON
Nigeria will take on the Leone Stars of Sierra Leone at Moshood Abiola National Stadium, Abuja on Thursday.
Economy
NGX: Market capitalisation loses N42 billion on Wednesday
The All Share Index (ASI) lost by 0.14 per cent to close at 53,193.98 points from 53,270.88 points the previous day.
Economy
Naira appreciates by 0.12% against dollar at I&E window
The open indicative rate closed at N420.15 to the dollar on Wednesday.
