Tough reforms vital to stabilise Lanka's economy: Central Bank Guv

Tough policy measures adopted by the Sri Lankan government to overcome the ongoing economic crisis were vital to stabilise the island nation's economy, Sri Lanka's Central Bank Governor Nandalal Weerasinghe said. Sri Lanka introduced economic measures such as tax hikes and utility rate hikes to unlock the $2.9-billion IMF bailout programme to help it overcome its economic crisis.