简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract: The World Bank does not plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place, it said in a statement on Thursday.
In a statement, the World Bank said Sri Lanka needed to adopt structural reforms that focus on economic stabilisation and tackle the root causes of its crisis, which has starved it of foreign exchange and led to shortages of food, fuel and medicines.
“The World Bank Group is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka,” it said.
The bank is repurposing resources under existing loans to help alleviate shortages of essential items such as medicine, cooking gas, fertiliser, meals for children and cash for vulnerable households, it added.
The bank said it was working closely to establish control and fiduciary oversight to ensure fair distribution. (https://bit.ly/3zGbFfz)
Former president Gotabaya Rajapaksa said in June that the World Bank would restructure 17 existing projects and more assistance would follow after negotiations with the International Monetary Fund on a financing loan.
Sri Lanka has been in the state of emergency since July 13 after popular protests forced Rajapaksa to flee the nation, first to the Maldives and then Singapore.
He has been replaced as president by Ranil Wickremesinghe, who was the prime minister.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Oil production cuts in March are reshaping the market. Traders are closely watching OPEC+ decisions and supply disruptions, which could impact prices and future production strategies.
Leverage amplifies both potential profits and risks. Understanding how to calculate leverage and margin helps traders manage risks and avoid forced liquidation.
The global forex markets are bracing for April 2025 with divergent forecasts for key emerging market pairs. In particular, the USD/INR and USD/PHP pairs have attracted significant attention amid a mix of central bank interventions, evolving U.S. policy signals, and regional economic shifts. In this article, we review multiple forecasts, examine the driving factors, and outline what traders might expect as the month unfolds.
Know April’s forex seasonality trends for EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. Historical insights and key levels to watch in 2025.