Sri Lanka Says AIIB Considering $100 Million Grant

(Bloomberg) — The Asian Infrastructure Investment Bank is considering granting Sri Lanka $100 million to help the South Asian nation in the grip of its worst economic crisis since independence.

AIIB’s President Jin Liqun will discuss the emergency support with the board, Sri Lanka’s Finance Ministry said in a statement Sunday. It added that Finance Minister Ali Sabry also requested foreign-exchange liquidity support for the nation’s state banks.