Import restriction currently in place to be phased out

21 March 2023 10:15 am - 1 - {{hitsCtrl.values.hits}}

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The International Monetary Fund today said the government is expected to phase out the import and exchange restrictions currently in place.

“Authorities will develop a plan for phased removal of import restrictions and exchange restrictions related to BOP. That plan due by June 2023,” said IMF Mission Chief Masahiro Nozaki responding to question raised by Mirror Business.

Although Sri Lanka recently relaxed some of the import and exchange restrictions, rules on forex conversion and bans on certain imported consumer goods still remain.

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Comments - 1

Tissa Fernando Tuesday, 21 March 2023 05:51 PM

Here we go again IMF provides a loan and probably wants us to import goods and services from Europe. So this loan will help the elites who wants everything foreign for their consumption. These elites then keep their export proceeds abroad. Who will pay back these loans?

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Import restriction currently in place to be phased out

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