The World Bank has said that there is currently no intention to issue new loans to Sri Lanka, which is suffering from the worst economic crisis.
In a statement, the World Bank says that the World Bank has no intention of issuing new loans to Sri Lanka until the reform of the macroeconomic framework by Sri Lanka.
The statement said that at this time it is necessary for Sri Lanka to reform the basic economic infrastructure and address the main problems that led to the crisis, the decline in foreign exchange reserves, the shortage of food grains, fuel, and medicines in the country. Focus on economic stability.
In its statement, the World Bank has expressed concern over the impact of Sri Lanka’s economic situation on the common people, saying that basic issues such as shortages of medicines, domestic gas, fertilizers, baby food, and cash assistance to poor families. The Bank is working with Sri Lanka on a transparent disbursement mechanism and implementation of projects in this regard, which can be re-financed through existing loans.
It should be noted that there is a state of emergency in the country after strong public protests against Sri Lankan President Rajapakse, after Rajapaksa fled the country and resigned, former Prime Minister Ranil Wickremesinghe has taken over as the new President of Sri Lanka
