Sri Lanka lifts import limits on 286 items as crisis eases - India Shipping News

Sri Lanka has lifted import restrictions on 286 items to help pull the country out of its worst economic crisis in many years. The government had imposed limits on more than 3,200 products, including electronics and musical instruments, as the nation's foreign exchange reserves ran out. Sri Lanka received a $2.9bn IMF bailout, moderated inflation and rebuilt forex reserves. The country's forex reserves grew 26% to $3.5bn in May, which had been helped by sound remittances and earnings from tourism.

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