Lagatar24 Desk
Colombo, June 7: Sri Lanka’s cash-strapped government would require at least $5 billion over the next six months to maintain basic living standards, including $3.3 billion for gasoline imports, according to the country’s Prime Minister Ranil Wickremesinghe.
“Only establishing economic stability not enough, we have to restructure the entire economy,” said Prime Minister Ranil Wickremesinghe.
The 22-million-strong island nation is in the midst of its worst economic crisis in seven decades, with a lack of foreign exchange preventing imports of critical products like fuel, medication, and fertilisers.
On Tuesday, Sri Lanka’s cabinet accepted a $55 million credit line from India’s Exim Bank to purchase fertilisers, according to a cabinet spokesman.
