The government is exploring the possibility of amending the existing tax mechanism and it will be negotiated with the International Monetary Fund (IMF) in the first review of $ 2.9 billion EFF program in June this year.
After receiving the US$330 million first tranche of the International monetary Fund’s (IMF) Extended Fund facility of around $3 billion, Cash strapped Sri Lanka is in talks with India for a billion US dollar equivalent Indian rupee central bank swap, to facilitate trade.
Reflecting lower global demand and rising inflation, earnings from exports declined further for the second consecutive month as February merchandise shipments were down by 8.06% year-on-year to $ 1 billion, the Export Development Board said yesterday.
