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World Bank rules out bridging finance to Sri Lanka until it gets its policy framework in order

The World Bank has ruled out bridging finance or new loan commitments to crisis-hit Sri Lanka until the nation’s economy sets up an adequate macroeconomic policy framework. However, the WB has said that it is reshuffling the already allocated resources to provide essential medicines and other cash assistance to the vulnerable.

World Bank rules out bridging finance to Sri Lanka until it gets its policy framework in order

Island
2022-05-26