Author: Gayan Chandrasekara
Economic, fiscal &’s Ratings
According to Moody’s Ratings, South and Southeast Asian countries have been severely impacted by several tropical cyclones and unusually heavy monsoon rains since mid-November, leading to widespread flooding and landslides and the tragic loss of hundreds of lives. Moody’s assesses that the economic, fiscal, and credit impact of this disaster is likely to be most […]
IMF Considers USD 200 Mn Emergency Aid for Cyclone-Hit Sri Lanka
International Monetary Fund (IMF) Mission Chief for Sri Lanka, Evan Papageorgiou, issued a statement today addressing the impact of Cyclone Ditwah and the resulting financial request from the Sri Lankan government. He began by extending the IMF’s sympathies to the population profoundly affected by the natural disaster: “In the wake of the devastating impact and […]
‘s Recovery After Cyclone Devastation
The International Monetary Fund (IMF) is actively investigating options to further support Sri Lanka in the recovery process following the devastating cyclone and widespread flooding. This commitment comes as the IMF continues to back Sri Lanka’s reform efforts under the Extended Fund Facility (EFF) arrangement. The IMF’s Director of Communications, Julie Kozack, conveyed the institution’s […]