Sri Lanka is set to receive a swap of US 1.5 billion from the Central Bank of China to raise its foreign reserves.
The Central Bank (CB) last week explained that measures were being taken to ensure that by end of 2021 official reserves will remain above US dollars 3 billion.
The CB said as articulated in the Six-Month Road Map, number of foreign exchange inflows are envisaged in the very near term.
“Major foreign exchange inflows to the Central Bank include SWAP facilities with Middle Eastern and other regional central banks amounting to about US dollars 2 billion. The Government is also in the process of securing Government to Government financing, syndicated loans as well as loans from multilateral organisations,” the CB said.
An opportunity to travel to Japan for employment as skilled workers is being offered under a programme known as ‘Jayagamu’ Sri Lanka, announced by Labour Minister Manusha Nanayakkara.
Former State Minister Palitha Thewarapperuma passed away at the age of 64, after being electrocuted today evening.
The Sri Lanka Army has launched in internal investigation into the accident at the Fox Hill super-Cross races in Diyathalwa yesterday claiming seven lives.
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