Current economic conditions in Sri Lanka does not require an International Monetary Fund bailout and the country is confident of managing the State Minister for Money and Capital Markets Nivard Cabraal has said.

“The conditions that are available in Sri Lanka today would not necessarily need us to go the IMF for any bailout,” Minister Cabraal told an business forum hosted by Asia Securities, a Colombo-based investment house.

“We are quite confident that we can manage what we have now and with the expected revenues and the expected foreign inflows that we have targeted, particularly from exports which have been quite robust with fairly good order books “We have seen remittances even stronger than prior to Covid.”

https://economynext.com/sri-lanka-economic-conditions-does-not-require-imf-bailout-minister-cabraal-76981/