Similarly, over the period from January to March 2022, the targeted foreign exchange inflows stand at $ 5.35 billion, with the GoSL expecting to negotiate for $ 4.40 billion and the CBSL for $ 0.95 billion. However, the Six-Month Road Map issued by the CBSL fails to set out any particulars as to the exact sources of such targeted foreign inflows. Moreover, the targeted foreign exchange inflows over the next six months by the CBSL do not make any reference to forex inflows from the International Monetary Fund (IMF), possibly indicating that the CBSL doesn’t expect Sri Lanka to enter into an IMF programme during the next six months. However, it should be noted that the summary timeline of targeted fresh forex inflows set out by the CBSL provides for forex inflows of $ 700 million from multilateral loans. Reserve management is not only dealing with the reserves we have, but dealing with the inflows as well.

Source: The Nation October 03, 2021 18:56 UTC