Sri Lanka is keen to complete its current program with the International Monetary Fund and expects a further tranche release after the next review, even as the island nation “is not pressed for foreign exchange,” Sarath Amunugama, minister for international monetary cooperation, said in a telephone interview today.
Sri Lanka will also not rush into any further currency adjustments as tourism and remittance inflows help offset expanding import demand, he said. The government is “watching the situation” on the current account, he added.
To contact the reporter on this story: Anusha Ondaatjie in Colombo at firstname.lastname@example.org
To contact the editor responsible for this story: Hari Govind at email@example.com