Energy Markets
Sri Lanka to hold IMF discussions on ways to attract foreign investors
Anura Kumara dissanayake, the president of Sri Lanka, said that the country plans to discuss with the International Monetary Fund strategies to attract foreign investment. This comes in response to the financial crisis affecting the Indian Ocean nation. Sri Lanka is recovering strongly from a crisis brought on by a record dollar shortage, thanks to an IMF bailout of $2.9 billion and its efforts to reduce inflation, build reserves and stabilize the currency over a four-year period starting March 2023. Dissanayake stated that beyond the 5% economic growth last year, Sri Lanka needs to focus on deeper, more fundamental reforms,...