SL Seeks IMF Rapid Financing Post-Cyclone Ditwah 🌊

• Sri Lanka has formally requested financial assistance from the International Monetary Fund (IMF) following the devastating impact of Cyclone Ditwah. • The request is for support under the Rapid Financing Instrument (RFI). • The total financial assistance sought is SDR 150.5 million, which is approximately US$ 200 million. • This amount represents about 26% of Sri Lanka's quota. • IMF Mission Chief, Mr. Evan Papageorgiou, stated the request is currently under consideration and is subject to approval by the IMF’s Executive Board. • The IMF confirms its commitment to supporting the country's urgent recovery, rebuilding, and resilience efforts during this challenging period.