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Sri Lanka’s useable foreign reserves drop below 50 mln USD

mei 04, 2022by Reacties uitgeschakeld voor Sri Lanka’s useable foreign reserves drop below 50 mln USD

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COLOMBO, May 4 (Xinhua) — Sri Lankan Finance Minister Ali Sabry told parliament on Wednesday that the country’s current useable foreign reserves were less than 50 million U.S. dollars.

Sabry told parliament that Sri Lanka should have sought assistance from the International Monetary Fund (IMF) much earlier and that entering an IMF program would take at least six months.

The government should have floated

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