Sri Lanka should have gone to IMF sooner, delay was a mistake – CBSL Governor.
Sri Lanka could have avoided its current economic turmoil if it had gone to the International Monetary Fund (IMF) for a bailout sooner, said Central Bank Governor Dr. Nandalal Weerasinghe to the BBC, adding that the delay in seeking outside help was a mistake.
The country has said it needs $5bn this year in support from the international community, including the IMF.
Sri Lanka defaulted on its foreign debt for the time in its history last month.
