Sri Lanka World News

Live: Sri Lanka Parliament- Finance Minister Ali Sabry informs usable foreign reserves less than USD 50 million

• Finance Minister Ali Sabry says that Sri Lanka should have gone to the IMF much earlier and floated the Rupee earlier as well. He also says it will take at least 6 months for Sri Lanka to enter into a program with the IMF.

• Sri Lanka’s usable Foreign Reserves are at less than USD 50 Million, will need to increase the taxes and implement the reforms to resolve the current crisis

Watch Finance Minister’s Parliamentary update Live:

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