Cabraal’s promise of US$3.5b reserves by year-end “highly doubtful”

COLOMBO (News 1st); Speaking a few weeks ago, Central Bank Governor Ajith Nivard Cabraal affirmed that Sri Lanka would boost its foreign reserves to US$3.5 Billion by the end of the year. With a few weeks to go for that, the Governors statement is falling apart, with reserves now down to US$1.6Bn, in November. That’s […]

Cabraal’s promise of US$3.5b reserves by year-end “highly doubtful”