IMF lauds India's assistance to Sri Lanka during Economic Crisis

COLOMBO (News 1st); Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF) praised India’s vaccination program and the help extended to its neighbor, Sri Lanka and other vulnerable economies.

The IMF MD particularly brought reference to the help India is providing to Sri Lanka during their difficult economic crisis. which Minister Sitharaman indicated that IMF should support and urgently provide financial assistance to Sri Lanka, the Ministry of Finance mentions in a press release.

The Managing Director assured the Finance Minister that the IMF would continue to actively engage with Sri Lanka. 

A bilateral meeting was held between the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman and the Managing Director of the International Monetary Fund in Washington D.C.

Discussing the recent geopolitical developments, Minister Sitharaman and Georgieva raised concerns about its impact on global economy and the challenges linked to the rising energy prices due to it.