US$ 03 – 04 billion required from external sources. Coming year very difficult: Sabry

Date:

An amount of about US$ 03 – 04 billion could be needed for the rest of the months of 2022 and these monies should be allocated from external sources, said Finance Minister Mohammed Ali Sabry, speaking to Bloomberg.

Successful preliminary discussions have already been held with India, China, the International Monetary Fund (IMF) and the Asian Development Bank (ADB), Sabry went on, adding that he is confident that the economy would move forward.

However, the new Finance Minister confessed that following 06 – 09 months would be a very difficult period for everyone and he is fully aware of the situation.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

World leaders gather for historic NATO summit with unity on the line

World leaders were gathering in the Netherlands on Tuesday...

Presidential Secretariat, BoC Employees’ Union Discuss Reforms in Banking Sector

A meeting between Secretary to the President Dr. Nandika Sanath...

CID Launches Probe Into Former President Ranil Wickremesinghe’s Overseas Trips

The Criminal Investigation Department (CID) informed the Colombo Fort Magistrate’s Court yesterday (June...

Trump Criticizes Israel Over Ceasefire Breach, Urges Halt to Bombing After Iran Retaliates

U.S. President Donald Trump has accused both Israel and Iran of violating...