Govt. Confident of $ 9 Bn Reserves Target by End-2026 š
⢠Foreign Reserves & Inflows: ⢠Target: Foreign reserves projected to reach US$ 9 Bn by end-2026. ⢠Remittances: Overseas employment generated > US$ 5 Bn in worker remittances during the first seven months of 2026. ⢠Strategy: Inflows backed by boosting net foreign exchange via FDI, exports, and non-traditional sectors. ⢠Debt Repayments & Labour Allocation: ⢠Obligations: Strategy aligns with preparing for US$ 3.9 Bn foreign debt repayments due in April 2028. ⢠Strategy: Directing Sri Lankan workers toward higher-earning international job markets to enhance future debt-servicing capacity and diversify FX sources.
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