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Sri Lanka would be able to use new IMF funding for budget: CB Governor

Sri Lanka would be allowed to use funds from the next International Monetary Fund for budget finance, and not only to boost foreign reserves, Central Bank Governor Nandalal Weerasinghe said. Sri Lanka has gone to the IMF 16 times in the past after printing money to boost domestic demand and losing foreign reserves.

Sri Lanka would be able to use new IMF funding for budget: CB Governor

Economy Next
2022-09-08