Economy

IMF approves Sri Lanka review, calls for monetary policy for stability

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The International Monetary Fund has approved Sri Lanka’s program review allowing the disbursement of 330 million US dollars, while calling for monetary policy to be used only for stability.

“Monetary policy should continue prioritizing price stability, supported by a sustained commitment to refrain from monetary financing and safeguard central bank independence,” Kenji Okamura, Deputy Managing Director andActing Chair said in a statement.

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