Hirunews Logo
IMF+urges+Sri+Lanka+to+limit+intervention+in+FX+markets
Thursday, 05 March 2015 - 12:51
IMF urges Sri Lanka to limit intervention in FX markets
18

Shares
2,175

Views
The International Monetary Fund urged Sri Lanka to limit its intervention in foreign exchange markets to curbing excessive short-term volatility, while emphasising the need for exchange rate flexibility.

The IMF, which ended a 2.6 billion dollar loan programme to Sri Lanka in 2012, estimated the island's economy grew by 7.4 percent in 2014 and said momentum could pick up to 6-7 percent in 2015.

The central bank repaid a 500 million dollars sovereign bond from its reserves soon after the January 8th presidential polls.

 
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE