IMF says it is ready to help Sri Lanka

The International Monetary Fund is ready to discuss "options" with Sri Lanka if the government asks for financial support, its mission chief for the island told AFP on Thursday.

The Covid-19 pandemic has had a disastrous impact on Sri Lanka's economy, which has been deprived of its tourism bonanza while workers' remittances from abroad have fallen sharply.

"While the IMF has not received a request for financial support from Sri Lanka, the staff stands ready to discuss options if requested," mission chief Masahiro Nozaki said in a written statement to AFP.

On Wednesday, Sri Lanka's finance minister announced the country had sought advice from the fund and was considering seeking an international bailout. This "referred to an ongoing technical assistance mission by the IMF," Nozaki said Thursday.