Sri Lanka requires US $8 billion to stabilise economy says Prime Minister

Sri Lanka needs to raise US$ 8 billion  to bolster its economy said Sri Lanka’s Prime Minister Ranil WIckremesinghe in parliament after the country’s budget release.

Noting that Sri Lanka only gained USD600-700 million this year, Mr WIckremesinghe said the government would look to achieve the US $8 Billion by securing trade deals with several countries including China, India and Singapore.

Sri Lanka’s prime minister added that further income would be achieved, by securing the GSP+ trade concession from the European Union.

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