The International Monetary Fund (IMF) says it has received a request for emergency financial assistance from the Sri Lankan authorities to fight the COVID-19 epidemic. He was asked about Sri Lanka’s planned $1.5 billion currency swap with China and the fact it’s portrayed as a way of Sri Lanka is resistant to IMF programs. “On Sri Lanka, just a reminder, the extended Fund program with the IMF was approved in 2016. That expired last year, June 2020.”“We did receive a request from the Sri Lankan authorities for emergency financial support to help fight the COVID pandemic,” the IMF spokesman said. “Indeed, Sri Lanka has relied on important restrictions since last year and recently introduced additional measures such as a requirement to convert 25 percent of export proceeds.

Source: The Nation March 12, 2021 08:48 UTC