The Central Bank (CB) estimated the country’s foreign reserves st $5.7 at the end of 2020, with an import cover of 4.3 months.
“Amidst hostile global market conditions, the Government and the Central Bank continued to explore avenues of financial flows to the country, while discussions with domestic and foreign counterparts
in this regard have made notable progress,” the CB said today.
The CB expects that reopening the country for tourist arrivals under strict health guidelines could help improve external sector conditions in the period ahead.