Country’s foreign reserves expected to surpass over USD 4 bn by end of this year: PMD

20 December 2023 08:24 pm Views - 1738

Colombo, Dec.20 (Daily Mirror)- The gross official reserves in the country are expected to surpass over USD 4 billion by the end of this year with the USD 780 million notable inflows of foreign exchange to the Government, the President's Media Division (PMD) said.

The PMD said Sri Lanka received a second tranche of US dollars 337 million from the IMF, US dollars 200 million from the ADB for various programmes and US dollars 250 million from the World Bank in December 2023.

"These disbursements, totalling US dollars 787 million, aim to strengthen budget support and enhance the country's external buffers," the PMD said.