The International Monetary Fund (IMF) is reviewing Sri Lanka’s request for approximately $200 million in emergency financing after Cyclone Ditwah caused widespread destruction across the island nation.
Evan Papageorgiou, IMF mission chief for Sri Lanka, confirmed that the government had applied for assistance under the Rapid Financing Instrument (RFI), requesting 150.5 million Special Drawing Rights (SDR), roughly equivalent to $200 million or about 26% of Sri Lanka’s IMF quota.
“This request is currently under consideration and subject to approval by the IMF’s Executive Board,” Papageorgiou said.
Cyclone Ditwah, which struck on 17 November, has left hundreds dead and many more missing. Official sources in Sri Lanka report at least 355 deaths and 366 people missing, though some reports suggest the toll could be higher. The disaster has also caused widespread economic and humanitarian challenges.
Papageorgiou expressed sympathy for those affected, saying: “In the wake of the devastating impact and widespread destruction caused by Cyclone Ditwah, we extend our deepest sympathies to the people of Sri Lanka.”
The IMF reaffirmed its support for Sri Lanka’s recovery and resilience efforts. “The IMF remains closely engaged with Sri Lankan authorities during this challenging period and is committed to supporting the country as it undertakes urgent efforts to recover, rebuild, and promote resilience for the future,” the statement said.
The RFI is designed to provide rapid financial assistance to member countries facing urgent balance-of-payments needs, including those arising from natural disasters. Approval by the IMF Executive Board is required before funds can be disbursed.
Cyclone Ditwah has also affected other countries in the region. Thailand reported at least 185 deaths with 367 people missing, India recorded four fatalities, and Malaysia reported three deaths due to severe weather conditions.
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