(ANSA) - ROMA, 02 GIU - epa10669152 People watch the sunset
at the Galle Face Seafront in Colombo, Sri Lanka, 02 June 2023.
The Sri Lankan central bank stated on 01 June that it had
decreased its standing deposit facility rate and standing
lending facility rate by 250 basis points, to 13% and 14%,
respectively, from 15.5% and 16.5%, indicating that the economy
is entering a recovery phase. The International Monetary Fund
(IMF) approved a three-billion-dollar Extended Fund Facility
(EFF) to support Sri Lanka's economic policies and reforms. Sri
Lanka is experiencing its worst economic crisis in over seven
decades as a result of a lack of foreign reserves. EPA/CHAMILA
KARUNARATHNE
CHAMILA KARUNARATHNE/ (ANSA).