Question Statement:
The World Bank has declared that it does not plan to offer new financing to Sri
Lanka, which is battling its worst economic crisis in decades, until the country has
an adequate macroeconomic policy framework in place. In a statement, the World
Bank said Sr i Lanka needed to adopt structural reforms that focus on economic
stabilisation and tackle the root causes of its crisis. The latter has starved it of
foreign exchange and led to shortages of food, fuel, and medicines. The bank is
repurposing resources under existing loans to help alleviate shortages of essential
items such as medicine, cooking gas, fertiliser, meals for children, and cash for
vulnerable households.
Based only on the above passage, which one of the following statements can be
inferred with certainty?
Options:
- (A) According to the World Bank, the root cause of Sri Lanka's economic crisis is that it does not have enough foreign exchange.
- (B) The World Bank has stated that it will advise the Sri Lankan government about how to tackle the root causes of its economic crisis.
- (C) According to the World Bank, Sri Lanka does not yet have an adequate macroeconomic policy framework.
- (D) The World Bank has stated that it will provide Sri Lanka with additional funds for essentials such as food, fuel, and medicines.