TikaWeeks #23/2023: Sri Lanka update
Posted by John on 6th June 2023
As another sign of Sri Lanka’s economic recovery, the central bank cut interest rates for the first time in three years last week, while in May, India extended the US$1bn credit line by a year, further easing the financial burden on the country. Inflation is coming down, government revenues are looking up and pressure on the island's balance of payments is diminishing. "This can possibly be seen as an end to the crisis.”
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