Sri Lanka won't need IMF after 2027, says Shehan Semasinghe.

COLOMBO (News 1st) - State Minister of Finance Shehan Semasinghe says that after 2027, Sri Lanka will not need the support of the International Monetary Fund.

In a statement, the State Ministry of Finance said that the Minister made these remarks while participating in a program held recently at the Presidential Secretariat to inform trade union representatives about Local Debt Optimization. The State Minister of Finance has pointed out that Sri Lanka has become an example to the international community as a country that has emerged from the economic crisis.

The minister pointed out that Sri Lanka's foreign reserves have now increased to USD 3.5 billion. Minister Semasinghe added that inflation will come down to the level of 7% to 8% by next month.