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Expert briefing
Publication date: 21 April 2023

Separately, the IMF’s Executive Board on March 20 approved a four-year, roughly USD3bn Extended Fund Facility for the country. The approval came around ten months after Sri Lanka…

Expert briefing
Publication date: 21 December 2021

Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…

Expert briefing
Publication date: 28 October 2020

Sri Lanka’s finance ministry responded sharply, describing the move as “hasty” and “erroneous”. Colombo has recently borrowed from its regional partners Delhi and Beijing to help…

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