Sri Lanka Seeks $200M IMF Aid After Deadly Tropical Cyclone Ditwah
The cyclone brought widespread destruction, creating severe economic and humanitarian challenges across Sri Lanka. In response, the government applied for assistance under the IMF’s Rapid Financing Instrument (RFI). This programme offers quick financial aid to countries facing urgent balance-of-payments crises, including those caused by natural disasters.
The requested amount—150.5 million Special Drawing Rights (SDR), equivalent to roughly $200 million—must still be approved by the IMF’s Executive Board before any funds are released. While the review is underway, the IMF has pledged to stay closely engaged with Sri Lankan officials during this difficult period.
Beyond Sri Lanka, Tropical Cyclone Ditwah also hit neighbouring countries. Thailand reported at least 185 deaths, while India recorded four fatalities from the storm.
The IMF has expressed its sympathy for those affected by the disaster and reaffirmed its commitment to helping Sri Lanka recover. If approved, the emergency funds will support efforts to rebuild infrastructure and restore economic stability. The organisation has also emphasised the need for long-term resilience as the country moves forward.
