Government Confident of Reaching US$9 Billion Foreign Reserve Target
The Sri Lankan government is confident it will achieve its target of building foreign reserves to US$9 billion. This statement was made by Deputy Minister of Finance Anil Jayantha Fernando to Parliament.
Ada Derana and Newswire reported that the target is expected to be met by the end of the current year. The Island, however, stated that the target is set for the end of 2026.
Deputy Minister Fernando indicated that the positive trend in workers’ remittances is anticipated to be a significant factor in strengthening the country’s external finances.
Why it scored 7/10: This event is notable national news due to its direct impact on the country's economic stability and future outlook, as reported by multiple credible sources, despite a discrepancy in the target year.
Reported by 3 sources
- Govt. confident of achieving US$9 billion foreign reserve target by year-end: Dy Minister Ada Derana · 3d ago
- Govt confident of reaching USD 9 Billion reserves target by year-end Newswire · 2d ago
- US $9bn reserve target in sight: Govt The Island · 10h ago