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IMF, China, Bangladesh infuse US$ 1,237 mn in aid

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Sri Lanka has received the special input of the International Monetary Fund (IMF) and was due to receive a loan from the China Development Bank (CPD) yesterday (31), Finance Ministry Secretary S.R.Attygalle said.

Meanwhile, the Bank of Bangladesh and the Central Bank of Sri Lanka were due to disburse US $100 million out of a US$ 250 million loan assistance to Sri Lanka under the Exchange Facility signed on August 3 of this month.The exchange was held in support of Sri Lanka. According to the agreement, the Bank of Bangladesh will provide US$ 250 million to Sri Lanka in three phases.Finance State Minister Ajith Nivard Cabraal said in a Twitter message that the liquidity and stability of the Sri Lankan foreign exchange market would increase through the exchange rate. Accordingly, he urged importers and exporters to use the foreign exchange they have in anticipation of further depreciation of the rupee. Cabraal said the Central Bank of Sri Lanka has issued enough dollars, adding that the government has ensured that there is no possibility of a shortage of essential commodities.

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