$250 Million Expected from ADB and World Bank

COLOMBO (News 1st); Central Bank Governor Dr. Nandalal Weerasinghe announced that Sri Lanka’s foreign reserves are set to receive a significant boost in the coming weeks, supported by international financial inflows.

He stated that by the 27th of this month, approximately US$700 million will be added to the country’s reserves following the approval of the fourth and fifth tranches from the International Monetary Fund.

In addition, around US$250 million is expected to be received by July from the Asian Development Bank and the World Bank under ongoing programmes.

Dr. Weerasinghe emphasized that alongside these inflows, precautionary measures are being implemented to manage potential risks, ensuring that the country’s reserves are maintained at a stable level.