IMF Board To Dicuss Sri Lanka's Emergency Aid Request On Friday (19)

COLOMBO (News 1st); The Executive Board of the International Monetary Fund (IMF) will convene on December 19, to review Sri Lanka’s formal request for emergency financial assistance under the Rapid Financing Instrument (RFI).

The request, amounting to US$200 million—equivalent to 26 percent of Sri Lanka’s IMF quota—comes in the aftermath of Cyclone Ditwah, which caused widespread destruction across the island.

In a statement issued earlier, Evan Papageorgiou, IMF Mission Chief for Sri Lanka, emphasized that the IMF remains actively engaged with Sri Lankan authorities during this critical period:

“The IMF remains closely engaged with Sri Lankan authorities during this challenging period; and is committed to supporting the country as it undertakes urgent efforts to recover, rebuild and promote resilience for the future.”

If approved, the emergency financing will provide a vital lifeline to stabilize the economy and accelerate reconstruction in cyclone-affected regions.