Sri Lanka Gets $160 Million From World Bank, Will PM Wickremesinghe Use This Money To Buy Fuel?

Economic Crisis In Sri Lanka: Sri Lankan Prime Minister Ranil...

Economic Crisis In Sri Lanka: Sri Lankan Prime Minister Ranil Wickremesinghe said in parliament on Wednesday that the country has received $160 million in aid from the World Bank. He said that in view of the shortage of fuel and gas in the country due to the economic crisis and the ongoing protests against it, the possibility of using some part of this financial assistance to buy fuel is being explored.

Wickremesinghe said, “$160 million has been received from the World Bank and a grant is also expected from the Asian Development Bank (ADB).” He said that the money received from the World Bank cannot be used to buy fuel. Wickremesinghe said, “However, we are trying to find out whether some part of it can be used for fuel purchase.”

Wickremesinghe, while addressing the nation on Monday, said that two more consignments of petrol under the loan from India are going to arrive this week and by May 29. Protesters also blocked several roads here on Wednesday in protest against the lack of fuel and gas.

Sri Lanka’s newly elected Prime Minister Ranil Wickremesinghe on Sunday discussed the country’s current economic crisis with representatives of the World Bank and the Asian Development Bank (ADB). At the same time, India has supplied the 12th consignment of more than 4,00,000 metric tons of diesel to Sri Lanka, which is facing severe economic crisis. The Indian High Commission in Colombo tweeted that the 12th consignment and 4,00,000 metric tonnes of fuel were supplied. A fresh consignment of diesel was supplied by India to Colombo today under the concessional loan scheme. Significantly, Sri Lanka is going through its worst economic crisis since independence in 1948.

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