The World Bank claims not to provide additional financial support to Sri Lanka without thorough structural reform.

The World Bank (WB) on July 29 expressed concerns about the impact of the crisis with the people of Sri Lanka but was not ready to provide additional money until the government implemented the necessary reform.

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Photo: AFP

Until the appropriate macroeconomic policy framework, the World Bank did not plan to provide additional finance to Sri Lanka, the WB.

The WB said it had transferred $ 160 million to Sri Lanka from loans to buy medicine, gas and food for students.

Security staff standing in front of Sri Lanka Presidential Palace in Colombo on 24/7.

In addition to WB, Sri Lanka also negotiates a relief package with the International Monetary Fund (IMF) but this process may take months.

According to CPI data announced on July 29, inflation in Sri Lanka increased to 60.7% in July, making a new milestone for 10 consecutive months, while the Rupee lost half of the USD.

The World Food Program of the United Nations estimates that every 6 households in Sri Lanka, 5 households have to buy poor quality food, eat less, even skip meals.

The prolonged crisis made people angry.

Prime Minister Ranil Wickremesinghe was elected as a successor, issued an emergency and committed to a tough handling.

Sri Lanka police arrested two people leading major protests, while the National Assembly approved an emergency extension until mid -August.

Wickremesinghe was elected Sri Lanka's new president, but he may not be able to bring the country to overcome crisis, according to experts.