Sri Lanka eyes $9 billion in foreign reserves by end-2026
Sri Lanka, Aug. 21 -- The Sri Lankan Government expects strong worker remittances and increased foreign exchange inflows to help it build foreign reserves to around US$9 billion by the end of 2026, Finance and Planning Deputy Minister Prof. Anil Jayantha Fernando told Parliament yesterday (20).
Fernando said Sri Lankan expatriates had sent more than US$5 billion in remittances during the first seven months of this year.
He said the Government is seeking to strengthen foreign exchange earnings by expanding investment, exports, remittances and other sources of inflows, while also working to attract greater foreign direct investment (FDI).
The Government's efforts come as Sri Lanka prepares for significant external debt repayments, with P...
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