Central Bank of Sri Lanka Governor Weligamage Don Lakshman said he would step down next week at a time when the South Asian island nation's weak foreign exchange reserves have limited its ability to import goods and raised the risk of default.<br />''<br />''Sri Lanka did not immediately announce a successor to Lakshman, who took up the post in December 2019. The government said he would step down on Tuesday.<br />''<br />''The announcement comes with bonds at nearly half their face value, debt-to-gross domestic product (GDP) levels exceeding 100%, more than 80% of government revenues going on interest payments alone and foreign exchange reserves dropping to less than two months import cover in July.<br />''<br />''"Getting things done according to my policy perspectives was not an easy task. My plan was to tender my resignation on my 80th birthday coming next month," Lakshman told a briefing.<br />''  The government said it does not want to seek support from the International Monetary Fund.<br />''<br />''Lakshman told the briefing he believed the government should turn to the IMF for help. He also said he had been offered a role at the IMF but would not accept it.<br />''<span style="color: #222222;"><br />'' Sri Lanka's forex reserves were $2.8 billion in July, reducing import cover to less than two months.</span><br />