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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 Ports Authority – A Profitable SOE
The SLPA has made an operating profit since 2015. The SLPA revenue has consistently witnessed a growth from 2015 to 2019 , with a marginal decline in 2020.From 2016 onwards the SLPA has managed to make a net prof...
2022-05-02
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Financial Performance of Sri Lanka’s National Water Supply and Drainage Board
The below figure illustrates how Sri Lanka has performed at providing citizens with least basic drinking water services. As shown, Sri Lanka has had a reasonable performance compared to other South Asian nationsThe National W...
2022-02-23
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Sri Lanka Transport Board’s (SLTB) is making a loss in 2020 for the first time since 2016
Annual operating profit of SLTB has declined substantially by 250 % in 2020. SLTB has been operating profitably from 2017 onwards. However, an operating loss of LKR 2,3...
2021-08-09
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