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Sri Lanka in talks to extend World Bank aid, plans new budget: Finance minister

The island nation's budget was currently unsustainable, Ali Sabry told a parliament session, adding he expected to bring in a new budget.

Published on: May 4, 2022, 12:05:15 IST
Reuters
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Sri Lanka's finance minister said on Wednesday the country was in talks with the World Bank to extend its support by $300 million to $700 million.

People shout slogans against Sri Lanka's President Gotabaya Rajapaksa and demand that Rajapaksa family politicians step down, during a protest amid the country's economic crisis, at Independence Square in Colombo, Sri Lanka.  (REUTERS)
People shout slogans against Sri Lanka's President Gotabaya Rajapaksa and demand that Rajapaksa family politicians step down, during a protest amid the country's economic crisis, at Independence Square in Colombo, Sri Lanka.  (REUTERS)

The island nation's budget was currently unsustainable, Ali Sabry told a parliament session, adding he expected to bring in a new budget.

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