IMF urges Sri Lanka to ‘modify’ international reserves target
Deputy managing director says international reserves remain below “comfortable levels”
Staff at the International Monetary Fund and Sri Lankan authorities have agreed there is a need to "modify" the nation's international reserve target, to allow it to reflect changes in capital flows.
On the conclusion of its latest review of Sri Lanka's funding programme, IMF deputy managing director Tao Zhang said the country's performance had been "broadly satisfactory", despite "challenging circumstances". But though macroeconomic conditions have improved, international reserves remain below
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