Sri Lanka, Oct. 23 -- Sri Lanka may issue $ 3 billion in foreign bonds by 2028 under International Monetary Fund projections, though the government retains the final decision to access global markets.Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando told Parliament that assumptions published in the Extended Fund Facility staff report reflect calculations by the International Monetary Fund rather than official national targets.

The multilateral lender foresees commercial issuances of $ 1.5 billion each in 2027 and 2028, with no market borrowing projected for 2026 or 2029. Periodic evaluations will determine whether the country proceeds with future bond sales.Short-term foreign currency commitments remain a key focus alongsid...