14 November 2024




IMF Program Fuels 81% Surge in Sri Lanka's Reserves



According to a recent report from Fitch Ratings, the country’s official reserves reached $6.5 billion as of October this year, marking an 81% increase compared to the same month last year.

Fitch attributed this significant growth to the impact of the Inte ational Monetary Fund's program, which has bolstered the nation’s financial standing.

The rise in reserves reflects strengthened economic stability, offering a promising outlook for continued recovery and fiscal resilience.


(colombotimes.lk)




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