Sri Lanka, March 28 -- While Sri Lanka is likely to regain access to global capital markets in two years, Central Bank (CB) Governor Dr. Nandalal Weerasinghe believes the government should refrain from raising funds from international debt markets even as late as 2028, when the current IMF programme concludes.
According to Governor Weerasinghe, if the government maintains its current fiscal discipline, there will be no immediate need to tap international markets until at least 2028.
"The decision on whether to raise capital in the international markets is a separate decision for the government. Currently, Sri Lanka is receiving multilateral funds, and the government is managing state finances to narrow budget deficits, allowing for most...
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