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As of May 2025, Verité Research’s IMF Tracker reports the following status on Sri Lanka’s progress under its 17th IMF programme:
Verifiably completed: 10%
Verifiably not met: 5%
Progress unknown: 17%
Pending: 68%
Verifiably Completed (10%)
Sri Lanka has verifiably completed 10% of its commitments. This figure includes four commitments that were previously classified as ‘progress unknown’. These were quantitative targets for March 2025; however, the data required to assess them became available only in subsequent months, allowing these commitments to now be classified as completed.
Verifiably Not Met (5%)
5% of commitments have been assessed as verifiably not met. This includes the following:
Electricity tariffs: The structural benchmark requiring electricity tariffs to be maintained at cost-recovery levels was assessed as not met due to a one-month delay in the tariff revision filing, which pushed the expected decision from May to June. As the assessment was conducted at the end of May, this commitment was classified as not met. Notably, electricity tariffs were subsequently increased by 15% from 12 June onwards; this commitment will therefore be considered met in the June update.
Companies Act amendments: The commitment to introduce amendments to the Companies Act to align the beneficial ownership framework with FATF standards has not been met. The proposed amendments were placed on the Order Paper of Parliament on 5 June; however, they had not been enacted at the time of the May assessment. Consequently, this commitment remains categorised as not met.
Progress Unknown (17%)
The status of 17% of commitments remains classified as ‘progress unknown’. This indicates that sufficient data has not yet been made available to enable an assessment of progress on these commitments.
Pending (68%)
68% of commitments are currently classified as pending. These commitments were not due to be completed by the end of May and are scheduled to be met at a later date, in accordance with the timeline of the IMF programme.
The IMF Tracker is currently the only publicly available platform that monitors Sri Lanka’s progress under its 17th IMF programme. It is hosted on the Verité Research Parliament Monitoring Platform, Manthri.lk, and can be accessed at: https://manthri.lk/en/imf_tracker.
