Sri Lanka’s economy is in a stable course and the foreign reserves are comfortable at the moment, Central Bank Governor Arjuna Mahendran said today.

Speaking to media this morning, Mahendran said that there was no need for an immediate loan as the reserves were stable.

However, Sri Lanka may make a formal request for a loan from the International Monetary Fund early next year, Mahendran added. An IMF team was due for regular discussions in February 2016, when a formal request may be made, he said.

Meanwhile, he pointed out that the country needs to attract Foreign Direct Investments to move forward.