IMF Digs Into Sri Lanka’s Debt Crisis After Preliminary Relief Deal

Clarence, FARMS Lanka Director, delivers relief aid to needy families. (Photo courtesy of FARMS International)

On Friday, Sri Lanka’s government will describe the country’s economic woes in detail on a call with International Monetary Fund creditors. Officials struck a preliminary debt relief deal earlier this month.

Sri Lanka faces its worst political and economic crisis since gaining independence from Britain in 1948. Political, economic, and social unrest peaked this summer, making fuel and food almost impossible to find.

“The International Monetary Fund and Asian Development Bank have promised to support Sri Lanka,” Pastor Clarence from FARMS Lanka says.

Consequences CD Series + Kingdom Values Book

“That’s good because otherwise, it will be more suffering for the people.”

FARMS Lanka partners with FARMS International to help believers in need. Pastor Clarence says church leaders report a slight decrease in pressure following the IMF relief announcement on September 1.

“It’s a little [easier] because at least everybody can get a quota [of fuel]. Recently, the government has given us a little more for travel to our stations,” he explains.

However, “the struggle is still there. There are anti-government protests, the parliamentarians’ chaos, and political unrest.”

Click here to read more.

SOURCE: Mission Network News, Katey Hearth

CALL TO ACTION

  • Pray believers can find relief from the economic pressure and financial hardship of this season. Ask the Lord to provide for them in miraculous ways.
  • When Sri Lankan Christians see only challenges, pray God will help them trust in Him.

Encountering Jesus’ Names CD Series + Called for a Purpose Devotional

When you purchase a book below it supports the Number #1 Black Christian Newspaper BLACK CHRISTIAN NEWS NETWORK ONE (BCNN1.com) and it also allows us to spread the Gospel around the world.