“We have met all the targets. Net domestic financing, net internal reserves, and the reserve money targets have been met,” Cabraal told Reuters.
After concluding a two-week assessment, an IMF mission June 15 said Sri Lanka’s policy measures including policy rate hikes, flexible exchange rate, and credit restrictions have been yielding results.
If satisfied, the global lender will disburse the last tranche of the $2.6 billion loan - around $420 million - by mid July. (Reuters)