Sri Lanka announced on Wednesday that China has approved a $1.5bn currency swap deal, that as per State Minister of Money & Capital Market Ajith Nivard Cabraal will allow the country to weather “present difficulties”. The island nation’s...
The Sri Lanka sovereign has imposed some capital controls and import restrictions to partly end reliance on the IMF. The nation has about $3.7bn of foreign debt maturing this year and has been tapping non-debt avenues to build its FX reserve buffer. They have already...
