Politics · Sri Lanka Bureau
Sri Lanka targets $9 billion foreign reserves by year-end, official says
A deputy minister has expressed confidence that Sri Lanka will achieve its foreign reserve target of $9 billion by the end of the year, signalling progress in the country's economic stabilisation efforts.
LSN Sri Lanka ·
The government remains on track to meet its foreign reserve objective of $9 billion by year-end, according to a deputy minister's statement, reflecting ongoing efforts to strengthen the island nation's external financial position.
The target represents a significant milestone in Sri Lanka's economic recovery programme, which has faced considerable challenges over recent months. Achieving the reserve level would bolster the country's ability to cover essential imports and service international obligations.
The deputy minister's confidence in meeting the deadline comes as Sri Lanka continues implementing measures to stabilise its economy and restore investor confidence. The accumulation of foreign reserves has been a key indicator of progress under the country's economic adjustment framework.
Official efforts to boost foreign exchange inflows have focused on tourism recovery, remittances, and export earnings. Reaching the $9 billion mark would demonstrate tangible progress in addressing the external sector pressures that contributed to the country's recent economic difficulties.