Pakistan kept staring, IMF paid money to Sri Lanka, Wickremesinghe said- Thank You India

If somehow funds are received from the International Monetary Fund i.e. IMF, then arrangements for food should also be made. Pakistan is yearning for funds from the IMF. But the IMF gave a big blow to Pakistan by helping Sri Lanka which was struggling with bad economic condition. President Ranil Wickremesinghe thanked the IMF in a tweet. In the 75 years of Sri Lanka’s independence, there has never been a more critical period for our economic future. The IMF’s Executive Board has approved our programme, which will enable Sri Lanka to receive up to $7 billion in funding from the IMF and IFI. I thank the IMF and our international partners for their support.

Ignored Pakistan, secured Sri Lanka

IMF has approved financial assistance of $3 billion to debt-ridden Sri Lanka. On the other hand, Pakistan is still waiting for USD 1.1 billion from the IMF. In fact, in November last year, Pakistan received 1.1% from the IMF. Billion US dollars of aid was about to be received. But IMF has not given this help till now, while Sri Lanka has got this help. Sri Lankan President Ranil Wickremesinghe has thanked India and China after getting the IMF bailout package.

Sri Lanka’s economy will improve

Wickremesinghe has been accused of using high-handed methods to quell the protests, including arbitrary arrests of several activists. He has also postponed local body elections, citing lack of funds, although opposition parties believe that Wickremesinghe’s lack of confidence led to the postponement of the elections. Assurances from bilateral donors that they would support Sri Lanka’s debt restructuring.