Sri Lanka Will remain a middle income country but request world Bank To give away some of the loans typically given to poor countries, the President’s Office said on Tuesday, clarifying a cabinet spokesman’s previous comments on the matter.
The island nation of 22 million is facing its worst economic crisis in more than seven decades and the spokesman said earlier in the day that the government was trying to turn its economic situation into a “low-income country” for easier funding. Will do
President Ranil WickremesingheHowever, the office said that the situation will not change.
“Sri Lanka will remain a middle-income country,” the office said in a statement. “We would request the World Bank to entitle the country to receive the loan offered by the International Development Association (ida,
IDA is a branch of the World Bank that helps the poorest countries in the world.
local world bank office Colombo had no immediate comment Sri Lanka Demand. It said it would continue its discussions with Sri Lanka and that debt restructuring and economic reforms were a “major priority” to move forward with to get the country’s development back on track.
The island nation of 22 million is facing its worst economic crisis in more than seven decades and the spokesman said earlier in the day that the government was trying to turn its economic situation into a “low-income country” for easier funding. Will do
President Ranil WickremesingheHowever, the office said that the situation will not change.
“Sri Lanka will remain a middle-income country,” the office said in a statement. “We would request the World Bank to entitle the country to receive the loan offered by the International Development Association (ida,
IDA is a branch of the World Bank that helps the poorest countries in the world.
local world bank office Colombo had no immediate comment Sri Lanka Demand. It said it would continue its discussions with Sri Lanka and that debt restructuring and economic reforms were a “major priority” to move forward with to get the country’s development back on track.