Sunday, June 08, 2025 | 07:02 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Crisis-hit Sri Lanka seeks to secure around $5 billion for import payments

Sri Lanka's foreign exchange reserves stood at $1.81 billion in April

Photo: Reuters
premium

Photo: Reuters

Reuters Colombo
Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other items bought through credit lines, and another $1 billion to bolster its foreign reserves, the prime minister's office said on Thursday.

The island nation is grappling with its worst financial crisis in over seven decades with a severe foreign exchange shortage that has left it struggling to pay for essential imports including food, fuel, fertilisers and medicines.

Sri Lanka's foreign exchange reserves stood at $1.81 billion in April.

PM Ranil Wickremesinghe, who took office last month after mass protests forced the resignation of

Disclaimer: No Business Standard Journalist was involved in creation of this content