Sri Lanka

The Paris Club of creditors decided to provide financing assurance to support the IMF’s approval of an extended fund facility (EFF) for Sri Lanka, according to an emailed statement. Meanwhile, the country’s FX reserves rose to USD 2.12 bln in January from USD 1.89 bln amid rising tourism receipts and remittances. Separately, Sri Lanka’s cabinet revised the base year for calculating the national consumer price index to 2019 from 2013.