As per the remittances RECORDED in JANUARY 2021 which is USD 675Mn which is a GROWTH of 16.25%. compared to 2020. A very strong GROWTH. If we maintain $675Mn each month, the total comes to USD 8.1bn.
Sri Lanka needs USD 7Bn for 2021 as remittances to manage the country's exchange. So, as of January 2021, SRI LANKA is on CORRECT PATH towards managing the debt.
I see, many are passively making statements without analysing where the country stands right now. Whatever said and done, the country it self have to stand from its legs.
As I have noted above, Sri Lanka will be able to manage it and is on right track of RECOVERY. I expect the EXPORTS and IMPORT numbers to RECORD SIMILAR VALUES as above.
I expect some POSITIVE NEWS in the month of March 21.
1. An INTEREST RATE CUT
2. Positive OUTCOME of UNHRC council ending February 2021
3. Super CORPORATE EARNINGS GROWTH
4. More IMPORT BARRIERS for NON ESSENTIAL ITEMS to manage imports
5. INCREASE in EXPORT BASKET
The above will BOOST CSE to next level in MONTHS to come.