IDB suggests international conference in SL to find ways to address liquidity | Sri Lanka News


In the backdrop of the financial crisis in Sri Lanka, the Islamic Development Bank (IDB) offered to have an international conference here to explore alternate ways to address liquidity issues, a Minister said.

Foreign Affairs Minister Ali Sabry who is on a visit to Saudi Arabia held talks with the officials of the IDB and discussed ways and means to get financial support for Sri Lanka to tide over the current economic crisis.

The Minister told Daily Mirror over the phone that the IDB suggested having an international conference. He said he would get in touch with the Finance Ministry in this regard.

“The IDB will offer interest free approaches to address current liquidity issues. That is basically Islamic financing,” he said.

The IDB is a multilateral development bank that works for social and economic development in member countries and Muslim communities worldwide. It is located in Jeddah, Saudi Arabia. (Kelum Bandara)

( Information from dailymirror.lk was used in this report. ALL RESPECT GOES TO ORIGINAL WRITER OF THIS ARTICLE. | Also if you have any problem of this article or if you need to remove this articles, please email here and we will delete this immediately. [email protected] )

Leave a Comment

Share to...