Sri Lanka rebuts IMF report

The Central Bank of Sri Lanka has countered claims, made in an International Monetary Fund report, that poor decision-making has contributed to high inflation in the country.

The report, published at the weekend, stated that loose fiscal and monetary policies were boosting inflation in Sri Lanka and that rising prices were not entirely attributable to external factors such as import costs of food and oil.

However, Nandalal Weerasinghe, the head of the economic research department of the centra