“Sri Lanka’s path to recovery from the unprecedented economic crisis has reflected positively in the eyes of the multilateral and bilateral partners after securing the IMF’s Extended Fund Facility,” he said on the sidelines of the 56th Asian Development Bank Annual Meeting in Incheon, Republic of Korea.

Against this backdrop, Minister Sabry said Sri Lanka is looking for $ 6-7 billion in assistance from all the multilateral partners including the World Bank, Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) till 2027.

“To offset the foreign currency crunch we experience by 2027 and we come to normalcy. In between that time, the idea is to get around $ 6-7 billion through these multilateral agencies,” he added.

The Minister emphasised that it was important that the IMF, World Bank and ADB come in first to aid, as the move can win the confidence of the other key bilateral partners like JICA and KOICA.