Continuing reforms vital to avoid economic downturns - Central Bank
Sri Lanka, April 28 -- The economic progression witnessed in the latter half of last year is expected to continue in the years ahead, supported by the continuation of the reform agenda under the International Monetary Fund's Extended Fund Facility (IMF-EFF) arrangement, the Central Bank stated in its inaugural Annual Economic Review for 2023.
"While a broad based economic expansion is envisaged across all sectors, domestic price stability is expected to be preserved with greater independence and accountability of the Central Bank in monetary policymaking and the prohibition of monetary financing of the government budget deficit.
The external sector is anticipated to retain its stability, supported by augmenting external buffers, normali...
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