Sri Lanka targets new inflation framework under reform programme
Authorities will take steps towards inflation targeting over the coming years
Sri Lanka will shift to an inflation-targeting framework over the coming years, as part of a wider reform programme supported by the International Monetary Fund. Staff analysis shed more light on the plans in a report published today (June 14).
The IMF will loan Sri Lanka $1.5 billion over three years under its Extended Fund Facility. Around $168 million will be disbursed immediately, it said, with the remainder sent in six instalments, subject to quarterly reviews.
A transition to inflation
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