Foreign investors sold around US$22.5 million worth of Sri Lanka government securities in the week ended May 27 - depreciation fears for the local currency.
DM of Finance Anil Jayantha has stated that the Rebuilding #SriLanka Fund remains βsafeβ. Excuse me?! This fund was never established. With @IMFNews program various βfundsβ were abolished and any only statutory funds could be maintained, meaning established by and Act of #Parliament. On every occasion I questioned the government they kept saying they were βworking on itβ. Thus, no such fund exists. https://t.co/zgj1vZoI0M