Sri Lanka’s foreign reserves surge to $6.5 billion with IMF support
Posted by Editor on November 12, 2024 - 9:55 pm
(Photo by Christoph Theisinger on Unsplash)
Sri Lanka’s official foreign reserves were recorded at USD 6.5 billion as of October 2024.
This was highlighted in a report by Fitch Ratings, marking an 81% increase compared to October 2023.
Fitch Ratings attributed this growth to the impact of the International Monetary Fund (IMF) program.
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