IMF boss Christine Lagarde to visit Sri Lanka
Feb 25, 2017 08:48 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Christine Lagarde, Managing Director of the International Monetary Fund may visit Sri Lanka as early as next month, official sources said.
An IMF mission is also in Sri Lanka conducting a review.
Sri Lanka collected more taxes from the people, boosting the revenue to gross domestic product ratio, in a program backed by the IMF.
However Sri Lanka has not been able to collect enough foreign reserves, amid bond investor exists and money printing to repay government debt.
Some structural benchmarks, including an automatic price formula has also not been implemented, which analysts say is a danger to macro-economic stability if oil prices continue to move up. (Colombo/Ja25/2017)