Cabinet to take collective decision today on forex management: Labour Minister

Monday, 27 December 2021 04:03 - - {{hitsCtrl.values.hits}}

Labour Minister Nimal Siripala de Silva yesterday said the Cabinet of Ministers will take a collective decision today to manage the foreign exchange crisis.

“We either have to go to the International Monetary Fund (IMF) or obtain credit facilities from friendly nations, such as China, India, and the Middle East,” he told journalists yesterday.

The Minister also said Finance Ministry Secretary S. R. Attygalle and Central Bank Governor Ajith Nivard Cabraal will also join this week’s Cabinet meeting to brief on the economic situation and how the finances will be managed amidst the foreign exchange crisis.

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