• Tue. Oct 12th, 2021

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  • Outstanding foreign currency borrowings by Sri Lanka’s banks up for the first time in a year

Outstanding foreign currency borrowings by Sri Lanka’s banks up for the first time in a year

The outstanding foreign currency borrowings of Sri Lanka’s banking sector rose for the first time in a year in the second quarter(2Q2021) in the line with the Central Bank of…

Fitch Ratings Expects IMF Board to Approve Proposed SDR allocation in August

Fitch expects the new general special drawing rights (SDR) allocation to be approved by the IMF’s board of governors, likely in August. The move will raise foreign exchange reserves for…