IMF states market conditions of Sri Lanka normalizing post 04/21 attack

IMF states market conditions of Sri Lanka normalizing post 04/21 attack

Written by Staff Writer

28 Jun, 2019 | 9:41 pm

COLOMBO (News 1st): Questions were raised on the continuity of net foreign outflows from Sri Lanka’s government securities market at a media briefing convened by the International Monetary Fund yesterday (June 28).

Responding to these inquiries Assistant Director of the IMF Communications Department Cammila Andersen said that they have identified how market conditions in the country have started to normalize and how the country tapped the international bond market for Rs. 2 billion at five and ten-year maturities by June 24th.

Further, Andersen said that the CBSL should continue to follow the inter-dependent approach with regard to the monetary policy and by also adjusting the policy rates as warranted by evolving macro-economic conditions. She added that the task is the responsibility of Sri Lanka.

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