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Sri Lanka met 46 IMF commitments and failed 12 by end-Nov
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Research’s ‘IMF Tracker’. The supporting documents have provided information on the progress of six commitments which were previously classified as ‘unknown’. Five of the commitments have now been reclassified as ‘met’ and one – the tax revenue target – as 'not met’. Of the 73 commitments due by end-November, 12 are ‘not met’, 15 are classified as ‘unknown’, and 46 as ‘met’. Therefore, 63% of the commitments due by end November have been verifiably completed. This means, however, that Sri Lanka’s overall performance remains less than impressive.
Featured Insight
Sri Lanka met 46 IMF commitments and failed 12 by end-Nov
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Research’s ‘IMF Tracker’. The supporting documents have provided information on the progress of six commitments which were previously classified as ‘unknown’. Five of the commitments have now been reclassified as ‘met’ and one – the tax revenue target – as 'not met’. Of the 73 commitments due by end-November, 12 are ‘not met’, 15 are classified as ‘unknown’, and 46 as ‘met’. Therefore, 63% of the commitments due by end November have been verifiably completed. This means, however, that Sri Lanka’s overall performance remains less than impressive.
Featured Insight
Sri Lanka met 46 IMF commitments and failed 12 by end-Nov
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Research’s ‘IMF Tracker’. The supporting documents have provided information on the progress of six commitments which were previously classified as ‘unknown’. Five of the commitments have now been reclassified as ‘met’ and one – the tax revenue target – as 'not met’. Of the 73 commitments due by end-November, 12 are ‘not met’, 15 are classified as ‘unknown’, and 46 as ‘met’. Therefore, 63% of the commitments due by end November have been verifiably completed. This means, however, that Sri Lanka’s overall performance remains less than impressive.
Featured Insight
Sri Lanka met 46 IMF commitments and failed 12 by end-Nov
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Research’s ‘IMF Tracker’. The supporting documents have provided information on the progress of six commitments which were previously classified as ‘unknown’. Five of the commitments have now been reclassified as ‘met’ and one – the tax revenue target – as 'not met’. Of the 73 commitments due by end-November, 12 are ‘not met’, 15 are classified as ‘unknown’, and 46 as ‘met’. Therefore, 63% of the commitments due by end November have been verifiably completed. This means, however, that Sri Lanka’s overall performance remains less than impressive.
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Sri Lanka moves closer to finalising debt restructuring with Japan
Sri Lanka’s Cabinet approved a debt restructuring agreement with JICA, following bipartisan negotiations and legal clearance, aiming to boost investor confidence and secure further international financial support....
2025-02-06
Daily FT
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Sri Lanka central bank to pay Rs 10 extra per dollar for worker remittances
Sri Lanka’s central bank will pay an extra premium of 10 rupees for US dollar converted into rupees by expatriated workers during the month of December, up from an existing 2 rupees.
2021-12-01
economynext
மேலும் வாசிக்க
USD 19 M Grant for renewable energy
The United States Agency for International Development (USAID) announced its new USD 19 Mn, five-year Sri Lanka Energy Programme (SLEP) on 17 November, the US Embassy in Sri Lanka said recently.
2021-12-01
Ceylon Today
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Sri Lanka inflation hits 12-year high in Nov 2021 amid money printing
Sri Lanka’s inflation accelerated to 9.9 percent in the 12-months to November from 7.6 percent in October, in the wake of record money printing for over two years, while policy in reserve currency central banks also deteriorated.
2021-11-30
economynext
மேலும் வாசிக்க
Sri Lanka’s CPC debt 4.2% of GDP by July 2021, loses LKR 61.8 BN
Sri Lanka’s state-run Ceylon Petroleum Corporation hit by price controls and forex shortages from call money rate targeting has racked up debt of 707.5 billion rupees by July 2021, official data showed. CPC had imported 18.4 million barrels of crude and refined...
2021-11-18
Economy Next
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