September 11, 2023
Economy International

UN Provides Financial And Technical Assistance To Sri Lanka During Economic Crisis

UN assures economic crisis-hit Sri Lanka with financial, technical support

On Wednesday, Kanni Wignaraja, the UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific met with Sri Lankan President Ranil Wickremesinghe and assured the country of the United Nations’ financial and technical support as it works to recover from an economic crisis. The President’s Media Division reported that Wignaraja appreciated the efforts of the Wickremesinghe government in addressing the crisis and reiterated the UN’s support for Sri Lanka during this recovery period.

During the meeting, the delegation discussed economic reforms and acknowledged that difficult decisions would need to be made to ensure long-term recovery and growth in the country. The UN’s support will likely be crucial in helping Sri Lanka to navigate this challenging period and emerge stronger on the other side.

Sri Lanka has been facing economic difficulties for some time, and the ongoing COVID-19 pandemic has exacerbated the situation. The country has been working to implement several reforms and has received support from international organizations like the International Monetary Fund. However, more assistance will likely be needed to fully address the crisis and put the country on a path to sustainable growth.

The UN’s support is a welcome development for Sri Lanka. It is hoped that it will provide the country with the resources and expertise it needs to navigate this difficult period successfully. With the proper support, Sri Lanka can emerge from the economic crisis more robustly and in a better position for future success.

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