Sri Lanka faces substantial credit risk, default a real possibility; growth forecast predicted at 3.3%

Going forward, Fitch projects the country’s foreign-exchange reserves to plummet to USD 2.5 billion by 2023, down from the USD 3.5 billion in August 2021, following a grant received through the International Monetary Fund’s special drawing rights to the tune of USD 780 million.
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Tammy Weber