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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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Source:
Daily News
PMB allocates Rs. 2000 Mn to purchase paddy this s...
Agriculture Minister Mahinda Amaraweera presented a Cabinet paper to the Cabinet yesterday (16) to provide a higher price for paddy to the paddy farmers. The Minister announced that on the advice of the Sub-Committee appointed by the Cabinet...
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Source:
Economy Next
China’s US$74 rice grant to reach Sri Lanka by end...
China’s embassy in Sri Lanka said the first two shipments of a 500 million yuan (74 million US dollar) grant of rice will reach the island’s shores on June 25 and June 30.
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Source:
Daily Mirror
Cabinet nods for fertilizer imports
The cabinet on Monday has unanimously decided to import total requirement of chemical fertiliser for the coming Yala and Maha seasons. Accordingly, Sri Lanka will import 15,000 MTS of Urea, 45,000 MTS of Murate of Potash (MOP) and 36,000 MT...
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நுண்ணறிவு விவசாயம் மற்றும் நீர்ப்பாசனம்
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விவசாயம் மற்றும் நீர்ப்பாசனத் துறைக்கான...
Has the Government Fulfilled its Policy...
The National Policy Framework: Vistas...
Have Governments Fulfilled their Agricul...
Have consecut...
விவரணம்
Is Maldives going down Sri Lanka's path?: Concern...
The graphs below depict the Primary Balances and budget balances as a percentage of GDP for Maldives and Sri Lanka. Besides 2017 and 2018, Sri Lanka’s annual Primary Balance has consistently been a deficit with 2021 reporting the large...
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Total and primary deficits run in opposite directi...
The governments primary deficit improved in the first half of 2023 compared to the corresponding period in 2022, while the budget deficit worsened increasing from LKR -903 Bn to LKR -1,243 Bn which implies a significant 93 percent increase an interest payments. Revenu...
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Backwards in blacklisting: Enabling corruption in...
Subhashini Abeysinghe is a Research Director at Verité Research and an economist specializing in international trade. Subhashini has worked for the Ceylon Chamber of Commerce (CCC) for nearly 10 year...
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