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Feb 08, 2021 (LBO) – State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says Sri Lanka is on track now to enacting an effective economic recovery to swiftly close the gap between pre and post-COVID-19 output losses.
He says the island’s growth prospects are now positive, underscored by a stabilizing currency and sound debt repayment capacity.
“Sri Lanka is in a comfortable position with regards to its debt
repayment ability and will not default on its payments,” he told Lanka Business
Online.
“We see the rupee has become stable. The rupee was deprecating at the average