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Sri Lanka lifts five-year vehicle import ban to increase revenue, per IMF agreement.
Sri Lanka has lifted its five-year ban on vehicle imports to boost state revenue, as part of its agreement with the IMF.
The first shipment from Thailand arrived at Colombo Port, with another from Japan expected soon.
Prices of new vehicles may vary, with some increasing and others decreasing, potentially causing a 10-15% decline in the second-hand market.
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Sri Lanka levanta la prohibición de importar vehículos durante cinco años para aumentar los ingresos, según el acuerdo del FMI.