IMF SDR will ease pressure on liquidity: Cabraal

31 August 2021 12:00 am Views - 346

• Says CB will take measures to normalise the economic situation

The US $780 million SDR (Special Drawings Rights) received by the government from the International Monetary Fund (IMF) will address some of  the current liquidity issues and the Central Bank (CB) will take measures to normalise the economic situation, State Minister Ajith Nivard Cabraal said.

 The Minister said the allocation received by Sri Lanka in proportion to its share of the IMF could be used unconditionally.

 He said the IMF had recognised the liquidity issues faced by some countries due to shortfalls in US dollar reserves. 

 

• The allocation received by Sri Lanka in proportion to its share of the IMF could be used unconditionally