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Sri Lanka Electricity Price Hike: Crisis-Hit Nation Raises Power Prices by 66% Hoping To Gain IMF Support
The decision was taken in a hope that government would persuade the International Monetary Fund (IMF) to provide urgent support for its critical economy.
Sri Lanka on Thursday increased electricity prices by 66%. The decision was taken in a hope that government would persuade the International Monetary Fund (IMF) to provide urgent support for its critical economy. The island nation is currently struggling with 54.2% inflation. India Extends Aid Worth USD 3.9 Billion to Help Sri Lanka Face of Economic Crisis.
Sri Lanka Electricity Price Hike:
Sri Lanka hikes power prices by 66% hoping to gain IMF support https://t.co/1aUoKQ1dLEpic.twitter.com/oXGVFM058T
— Reuters (@Reuters) February 16, 2023
(The above story first appeared on LatestLY on Feb 16, 2023 06:53 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
