The market conditions in Sri Lanka were normalizing, Assistant Director at the Communications Department of the International Monetary Fund Camilla Andersen told an IMF press briefing on Saturday.
Responding to a question during the IMF press briefing in Washington, Anderson said, “We note that the market conditions in Sri Lanka is normalizing, and indeed on June 24, the country successfully tapped the international bond market for 2 billion at five- and ten-year maturities and that issuance was well oversubscribed.”
Anderson said the Central Bank of Sri Lanka should continue to follow the interdependent approach adjusting policy rates as warranted by evolving macro economic conditions
“On May 13, the IMF’s Executive Board completed the fifth review of Sri Lanka’s US$ 1.5 billion loan under the Extended Fund Facility, and so far has disbursed US$ 164 million.
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