Sri Lanka cabinet approves new economic law to meet IMF targets

Sri Lanka cabinet approves new economic law to meet IMF targets - Qoneqt

Sonal Shridhar Shinde in India

Sri Lanka cabinet approves new economic law to meet IMF targets

As of Tuesday, the Sri Lankan cabinet has given its approval to a new economic law that aligns with the key objectives outlined by the International Monetary Fund (IMF), according to the cabinet spokesperson. In 2022, Sri Lanka experienced its most severe financial crisis in over seven decades, marked by a significant depletion of foreign exchange reserves.

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