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Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
Featured Insight
Is the Pandemic the Sole Cause for the Depletion in Sri Lanka’s Foreign Reserves?
Sri Lanka’s usable foreign reserves fell from USD 7,642 MN in 2019 to USD 1,579 MN by the end of 2021. When compared with Sri Lanka’s regional peers during the pandemic, the decline in its reserves appears to only have happened to Sri Lanka, while its other Asian countries have seen an increase in their reserve balances.
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A Sri Lankan Household Spends 24% of Average Monthly Expenditure for One Full Tank of Petrol
Sri Lanka's fuel prices increased rapidly within the last few months, even though the Government representatives stated that Sri Lanka still had the lowest fuel prices in the region. However, with the latest fuel prices purchasing a full tank (45 Liters) of Petrol...
2022-05-05
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What does the Government’s acquisition of four-wheeled passenger vehicles for the use of Ministries look like over the years?
The Committee on Public Finance (COPF) Report on the 2018 Budget provides information on the number of four-wheeled passenger vehicle purchases made by the Central Government between 2012–2016. The Government purchased a total of 2,017...
2021-05-25
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