ECONOMYNEXT – Sri Lanka’s forex reserves will hit a post-crisis high by the end of the year with strong flows from multilateral agencies in December, Central Bank Governor Nandalal Weerasinghe said. Sri Lanka is expecting 370 million dollars from budget support loans given by the Asian Development Bank and more than 340 million dollars from the International Monetary Fund. “Those will come in December,” Governor Weerasinghe told reporters Wednesday. “As a result there will be significant increase in reserves in December.” Sri Lanka’s forex reserves did not grow much so far this year due to some delays in loan approvals,…
Sri Lanka year-end FX reserves to be highest since crisis: CB Governor
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth