IMF is currently assessing whether the agreed terms of Sri Lanka's debt restructuring with bondholders align with the programme parameters, and the results of this assessment will be communicated once complete. Addition...

Ministry of Finance cannot grant any tax concessions for local manufacturers at this stage due to the need to meet revenue targets. However, tax concessions might be considered in the mid-term if revenue generation exceeds...

The Asian Development Bank (ADB) has approved a US $100 million loan to support Sri Lanka's power sector reforms, enhancing operational efficiency, fostering private investment in renewable energy, and improving financi...

The IMF stresses the importance of Sri Lanka implementing an equitable tax system to improve revenue collection, stabilize fiscal conditions, and foster sustainable economic growth amid ongoing challenges.