All the required prior actions with the International Monetary Fund (IMF) are now completed, Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe said on Friday (03).
Dr. Weerasinghe said thereby, Sri Lanka stands ready to unlock the IMF programme, hopefully within this month.
He made the remarks during the CBSL’s Monetary Policy review which was held today.
The CBSL Governor further stated that the independence of the Central Bank is an important factor for the development.
Dr. Nandalal Weerasinghe pointed out that the Central Bank’s monetary policies cannot be based on popular decisions.
“The CBSL should work independently from Parliament decisions as politicians take decisions based on popular decisions,” he added. (NewsWire)