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World Bank (WB), Asian Development Bank (ADB), International Monetary Fund (IMF) and Asian Infrastructure Investment Bank (AIIB) representatives decided that a coordinated assistance program supported by the multilateral financial institutions is required for Sri Lanka to recover from the economic c
Sri Lanka needs a coordinated assistance program supported by the multilateral financial institutions to recover from the economic crisis the country is currently facing, according to the global financial institutions on Tuesday.Sri Lanka is going through its worst economic crisis since its independence in 1948, triggered by a severe paucity of foreign exchange reserves.