Sri Lanka need not be a forex beggar nation, Treasury should charge dollar taxes

ECONOMYNEXT – Sri Lanka as a nation, through its Treasury, is going with a begging bowl for ‘budget support’ and other dollar loans to the International Monetary Fund, the Asian Development bank and foreign governments to find dollars to repay debt. If not, the Treasury supposedly has to get ‘reserves’ from the central bank. Or so the macro-economists tell you. When reserves go down, and foreign and local investors get jittery. “Additionally, the receipt of approximately USD 350 million from the IMF’s fourth tranche significantly contributed to alleviating USD liquidity pressures, thereby supporting the maintenance of the treasury’s cash flow,”…

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