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Sri Lanka’s economy expected to grow 5.5% in 2022 – Colombo News

Cabraal informed reporters right here on Friday that Sri Lanka was going via a tough time however had proven to be resilient even in the previous, experiences Xinhua news company.

He stated the 2021 development price was doubtless to be round “4.5 per cent to 5.0 per cent”.

According to official figures, Sri Lanka’s reserves rose to $3.1 billion in December with the central financial institution borrowing {dollars} via swaps after falling to $1.6 billion in November, elevating fears of default of funds for worldwide loans.

The central financial institution chief stated Sri Lanka won’t default and can proceed to pay loans and preserve its information.

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