SL receives US$ 780 million in SDR from IMF

24 August 2021 04:01 pm - 11 - {{hitsCtrl.values.hits}}

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Sri Lanka received US$ 780 million Special Drawing Rights (SDR) from the International Monetary Fund (IMF), an official said.

The IMF allocated SDRs of US$ 650 million to the member states in proportion to the share of each of them on August 23. The IMF started allocating of these funds to the accounts of each country.

Finance Ministry Secretary S. R. Attygalle confirmed that the Central Bank received the share of Sri Lanka roughly amounting to US$ 780 million.

The IMF says the SDRs are primarily meant to augment reserves, but the member states can use them for health and social needs where needed. In the region, India received US$ 17.8 billion and Bangladesh US$ 1.5 billion.

SDRs are international reserve assets created by the IMF to supplement the official reserves of member countries. (Kelum Bandara)

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Comments - 11

Sam Silva Tuesday, 24 August 2021 05:03 PM

Most of this money will be spent for for politicians salaries and upkeep.

joshua Tuesday, 24 August 2021 05:06 PM

I thought our state of the art Cabraal did not want any money from IMF? The Govt seems to have now run out of options nd looks like Cabraal is another cardboard hero like Wimal.

Ratnam Ponnudurai Tuesday, 24 August 2021 06:03 PM

Empty vessels make the greatest sound.A significant part of these will eventually find it's way into their pockets sooner than later as has been the case always.

Perera Tuesday, 24 August 2021 05:15 PM

very good, then the new Toyota Sahara's can be ordered. Don't think they buy oxygene or better vaccines.

clal Tuesday, 24 August 2021 05:41 PM

there is no better vaccine. The Chinese one is the best as no Covid in China and they have vaccinated billion people. It is not the vaccination but the attitude and habits of people that spread the virus. Don't blame others for your mistakes. This is Sri Lanka.

anura hettiarachchi Tuesday, 24 August 2021 05:41 PM

Where are the ones who said IMF is not the answer???

Frusrated Exporters Tuesday, 24 August 2021 05:49 PM

Central Bank

Frustrated exporters Tuesday, 24 August 2021 07:55 PM

CBSL

GGT Tuesday, 24 August 2021 08:53 PM

It is clear that this fund must have received as the govt. carries forward the American COVID propaganda.

Dee Tuesday, 24 August 2021 09:30 PM

Finally.

Mohan Wednesday, 25 August 2021 10:11 AM

Is this a loan or a donation?

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SL receives US$ 780 million in SDR from IMF

Comments - 11

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