SME Times is powered by   
Search News
Just in:   • EAM Jaishankar dials counterparts in Asia and Europe, discusses strikes on Pak-based terror camps  • Iran rejects report of proposing direct talks with US  • Singapore issues travel advisory asking citizens to avoid J&K, Pak  • US: Two injured, suspect dead after shooting at Florida pharmacy store  • 430 flights cancelled, 27 airports to remain shut till May 10 
Last updated: 26 Apr, 2022  

IMF.Thmb.jpg IMF urges Sri Lanka to tighten monetary policy

IMF.9.jpg
   Top Stories
» Sensex, Nifty open nearly flat as geopolitical tensions continue
» Sensex, Nifty gain in early trade as India carries out ‘Operation Sindoor’
» India, UK finalised free trade deal, says PM Modi
» Moody’s pegs India’s GDP growth at 6.3 per cent for 2025
» Nifty, Sensex open higher; Adani Ports among top gainers
IANS | 26 Apr, 2022
An official from the International Monetary Fund (IMF) on Tuesday urged Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its ongoing debt crisis.

"We've had very good, fruitful, technical discussions on preparations for the negotiations with authorities over the past weekend and a couple of days before," Xinhua news agency quoted Anne-Marie Gulde-Wolf, acting director of the IMF's Asia and Pacific Department, as saying at an online event.

Finance Minister Ali Sabry and Governor of the Sri Lankan Central Bank Nandalal Weerasinghe recently concluded a visit to the IMF to discuss financing help for the country.

Earlier Sri Lanka suspended external debt payments.

"The requirement for fund lending will be progress toward debt sustainability. Monetary policy has to be tightened to keep inflation in check. We see a need for flexible exchange rates," she said.

Gulde-Wolf did not comment on the value of any IMF package, or an estimated time needed to come into an agreement with Sri Lanka.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter