Washington, Dec. 5 -- The International Monetary Fund(IMF) said on Friday that it is considering an emergency request from Sri Lanka for about $200 million in rapid financial assistance, as the island nation struggles to recover from the sweeping devastation left by Cyclone Ditwah.
Evan Papageorgiou, the IMF's mission chief for Sri Lanka, said the cyclone had caused "devastating impact and widespread destruction," and expressed condolences to those affected. The storm, one of the most destructive to hit Sri Lanka in recent years, has battered infrastructure, displaced thousands and intensified concerns over the country's fragile economic recovery.
Sri Lanka has asked the Fund for support under its Rapid Financing Instrument, seeking SDR 1...