Thu, Apr 25, 2024
15.12°C Kathmandu
Air Quality in Kathmandu: 630World
Sri Lanka will need $5 bln in next six months for essentials: prime minister
The island nation of 22 million is suffering its worst economic crisis in seven decades, with a shortage of foreign exchange stalling essential imports.bookmark
Reuters
Published at : June 7, 2022
Updated at : June 7, 2022 12:18
Colombo
Sri Lanka’s cash-strapped government will need at least $5 billion in the next six months to maintain basic standards of living, including some $3.3 billion for fuel imports, the country's prime minister told parliament on Tuesday.
“Only establishing economic stability not enough, we have to restructure the entire economy,” said Ranil Wickremesinghe, who is working to prepare an interim budget to balance Sri Lanka’s battered public finances.
The island nation of 22 million is suffering its worst economic crisis in seven decades, with a shortage of foreign exchange stalling essential imports.